Lyric Fest

Analysis

Lyric Fest is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lyric Fest reported income of $316k and spending of $265k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2024, income grew from $234k to $316k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lyric Fest sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Center for Holocaust Human Rights & Genocide Education Inc ($316k), Teach Our Children Fund Inc ($316k) and Wildflower Foundation ($316k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 9.0% of the total. Other salaries and wages came to $114k. At year end it held assets of $220k against liabilities of $0, net assets of $220k. It reported 4 employees.