Overview
What is Lyric Stage Company Of Boston Inc?
Lyric Stage Company of Boston Inc is a distinguished nonprofit organization committed to delivering captivating, thought-provoking, and motivational theatrical performances. Based in Boston, they present a diverse range of productions across various genres and styles, appealing to a broad audience. Their affordability and outreach programs ensure that these artistic experiences remain accessible. Through their mission, they strive to engage communities and foster a love for theater, making it an inclusive and cherished part of local culture.
Official website here: www.lyricstage.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
The Lyric Stage Company of Boston Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The score is primarily derived from their strong performance in the Accountability & Finance category, where they achieved a score of 76. The organization demonstrates transparency and commitment to best practices, with a fully independent board and no reported material diversions of assets.
Several strengths contribute to their favorable rating, including a comprehensive audit and oversight committee and effective financial management practices. Their program expense ratio stands at 66.91%, indicating that a significant portion of their budget is directed toward their programs. Additionally, they have a strong fundraising efficiency ratio, reflecting their ability to raise funds effectively.
However, there are some areas that may warrant attention. The organization has a liabilities to assets ratio of 66.44%, which could suggest a relatively high level of debt compared to their assets. This aspect may raise concerns regarding financial stability in the long term. Overall, while the Lyric Stage Company demonstrates accountability and a commitment to their mission, attention to financial ratios may help enhance their sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Lyric Stage Company Of Boston Inc legitimate?
Lyric Stage Company Of Boston Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyric Stage Company Of Boston Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $989,993
For more financial information, click here
Official website here: www.lyricstage.com
What is the mission statement of Lyric Stage Company Of Boston Inc?
Lyric Stage Company of Boston Inc's mission is centered around producing a diverse range of theatrical performances. Their objective is to create entertaining, thought-provoking, and inspiring productions that cater to a broad audience. They achieve this goal by offering reasonably priced tickets and implementing outreach programs. The company's productions span various genres and styles, aiming to engage and captivate a wide audience base.
Official website here: www.lyricstage.com
What is the revenue of Lyric Stage Company Of Boston Inc?
Lyric Stage Company Of Boston Inc's revenue in 2023 was $2,106,088.
Official website here: www.lyricstage.com
Who are the executives of Lyric Stage Company Of Boston Inc and what are their salaries?
The average compensation at Lyric Stage Company Of Boston Inc during 2023 was $5,690. There are 174 employees and 90 volunteers at Lyric Stage Company Of Boston Inc.
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- Compensation: $104,484
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- Other: $4,804
Official website here: www.lyricstage.com
Where can I find the form 990 for Lyric Stage Company Of Boston Inc?
Lyric Stage Company Of Boston Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lyricstage.com
Learn more at the official website: www.lyricstage.com
Mission Statement of Lyric Stage Company Of Boston Inc
Lyric Stage Company of Boston Inc, as a nonprofit organization, is committed to delivering captivating, thought-provoking, and motivational theatrical performances. Their mission is to cater to a diverse audience by presenting a range of genres and styles at affordable ticket prices and through outreach programs. By doing so, they aim to make high-quality theater accessible to a broad spectrum of people, enriching their experiences and perspectives.
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Impact
October, 2024
Lyric Stage Company of Boston Inc significantly enriches the cultural landscape of the city by offering a diverse array of theatrical performances that engage and inspire its audiences. Their productions span various genres and styles, ensuring that there is something for everyone, regardless of age or background. By maintaining reasonable ticket prices, they make high-quality theatre accessible, breaking down barriers for those who might not otherwise experience live performances.
Their outreach programs further extend their impact, fostering community engagement and encouraging the appreciation of the arts beyond traditional audiences. This commitment not only cultivates a love for theatre among individuals but also contributes to a vibrant local arts scene, promoting social interaction, creativity, and cultural dialogue. In doing so, Lyric Stage Company plays a vital role in enhancing the artistic vitality of Boston, making it a key player in the city's cultural ecosystem.
This information is meant to be a general summary of Lyric Stage Company Of Boston Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $23,961
- Program Service Revenue: $1,089,955
- Gross Receipts: $2,127,109
Assets and Liabilities:
- Total Assets: $1,786,416
- Total Liabilities: $680,507
- Net Assets: $1,105,909
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$995,241
OTHER THEATER
Revenue
$77,914
THEATER EDUCATION
Revenue
$16,800
Organization Details
Founding Year
1974
Principal Officer
Glenda Fishman
Website
www.lyricstage.comNTEE Category
Code: A650 - Arts
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