Lyric Opera of Orange County

Analysis

Lyric Opera of Orange County is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in March 2019, 7 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 June 2024, Lyric Opera of Orange County reported income of $163k and spending of $211k, spending 130% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $100k to $163k (+64%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lyric Opera of Orange County sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Celebrate African Treasures Inc ($163k), Rainier Youth Choirs ($163k) and Saratoga Chamber Orchestra ($163k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $1 against liabilities of $51k, net assets of -$51k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.