Holy City Arts & Lyric Opera

Analysis

Holy City Arts & Lyric Opera is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in March 2020, 6 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 August 2023, Holy City Arts & Lyric Opera reported income of $315k and spending of $254k, spending 81% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $548k to $315k (-43%), an average of -43% a year. The sharpest change came in the year to August 2023, when income dropped by 43%. 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, Holy City Arts & Lyric Opera sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include South Jersey Cultural Alliance Inc ($315k), Black Hills Pow-Wow Association ($315k) and Icmca ($315k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Other salaries and wages came to $43k. At year end it held assets of $98k against liabilities of $0, net assets of $98k. It reported 2 employees.