Lyrical Opera Theater

Analysis

Lyrical Opera Theater is a registered charity in United States, based in West Jordan, UT. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lyrical Opera Theater reported income of $126k and spending of $126k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $126k (+5.0%), an average of +5.0% a year. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lyrical Opera Theater sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within UT. Charities of a similar size with the same main cause include Symphony of Westchesters Inc ($126k), Southern Heartland Arts Inc ($126k) and Spicewood Arts Society ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 23% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.