Lyric Theatre Inc

Analysis

Lyric Theatre Inc is a registered charity in United States, based in Platte, SD. It received its IRS tax-exemption ruling in January 2015, 11 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, Lyric Theatre Inc reported income of $96k and spending of $108k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $96k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 122% 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 Theatre Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within SD. Charities of a similar size with the same main cause include American Turkish Academy of Washington ($96k), Heritage Pa ($96k) and Stuart Heritage Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 83% of the total. At year end it held assets of $172k against liabilities of $17k, net assets of $156k.