Connecticut Lyric Opera Inc
Connecticut Lyric Opera operates on a tight budget with minimal reserves and no reported officer compensation.
EIN: 141896196 · New London, CT · NTEE: A69 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $84K |
| Total Expenses | $83K |
| Program Spending | 85% |
| Net Assets | $471 |
| Transparency Score | 75/100 |
Is Connecticut Lyric Opera Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Lyric Opera Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connecticut Lyric Opera Inc
Connecticut Lyric Opera Inc (EIN: 141896196) is a nonprofit organization based in New London, CT, classified under NTEE code A69. The organization reported total revenue of $84K and total assets of $24K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Lyric Opera Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Lyric Opera Inc is a micro nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $83K |
| Surplus / Deficit | +$1K |
| Total Assets | $24K |
| Total Liabilities | $23K |
| Net Assets | $471 |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 98.0% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2023, Connecticut Lyric Opera Inc reported a surplus of $1K with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 98.0% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Connecticut Lyric Opera Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.3% | -19.2% | -1.6% |
| 2022 | +95.5% | +170.4% | -53.3% |
| 2020 | -51.3% | -48.0% | +89.1% |
| 2019 | -0.7% | -6.2% | +15.4% |
| 2018 | +29.8% | +32.2% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Connecticut Lyric Opera Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Connecticut Lyric Opera Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 98.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Connecticut Lyric Opera Inc's IRS 990 filings:
- Very low asset base relative to annual expenses, indicating limited financial resilience.
- Liabilities ($23,310 in 202307) are nearly equal to assets ($23,781), suggesting minimal net unrestricted assets.
Strengths
The following positive indicators were identified for Connecticut Lyric Opera Inc:
- Consistent reporting of 0% officer compensation, indicating strong mission focus and efficient use of funds.
- Operates within its means, with expenses generally aligned with revenue, avoiding significant deficits.
- Consistent IRS 990 filing history demonstrates commitment to transparency and compliance.
Frequently Asked Questions about Connecticut Lyric Opera Inc
Is Connecticut Lyric Opera Inc a legitimate charity?
Connecticut Lyric Opera Inc (EIN: 141896196) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $84K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Connecticut Lyric Opera Inc spend its money?
Connecticut Lyric Opera Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Connecticut Lyric Opera Inc tax-deductible?
Connecticut Lyric Opera Inc is registered as a tax-exempt nonprofit (EIN: 141896196). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Connecticut Lyric Opera Inc's spending goes to programs?
Connecticut Lyric Opera Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Connecticut Lyric Opera Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Connecticut Lyric Opera Inc is above average for NTEE category A69 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Connecticut Lyric Opera Inc located?
Connecticut Lyric Opera Inc is headquartered in New London, Connecticut and files with the IRS under EIN 141896196. It is classified under NTEE code A69.
How many years of IRS 990 filings does Connecticut Lyric Opera Inc have?
Connecticut Lyric Opera Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $84K in total revenue.
Is Connecticut Lyric Opera Inc a good charity?
Based on the available data, Connecticut Lyric Opera Inc appears to be a fiscally responsible organization that operates within its means, with revenues closely matching expenses. The absence of officer compensation is a strong positive indicator of mission focus. However, its small asset base and limited financial reserves suggest it may not be equipped for significant expansion or unexpected financial challenges.
How does Connecticut Lyric Opera Inc manage its finances given its small asset base?
The organization manages its finances by operating very close to break-even each year, with expenses rarely exceeding revenue significantly. For instance, in 202307, revenue was $84,381 and expenses were $83,087. This indicates a careful approach to budgeting and spending, relying on current income to cover current costs rather than drawing from substantial reserves.
What is the trend in Connecticut Lyric Opera Inc's revenue and expenses?
Connecticut Lyric Opera Inc's revenue and expenses have fluctuated over the years but generally remain in a similar range, typically between $60,000 and $100,000 annually. For example, revenue was $102,283 in 201607 and $84,381 in 202307, showing consistent but not significantly growing financial activity.
Filing History
IRS 990 filing history for Connecticut Lyric Opera Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Connecticut Lyric Opera Inc's revenue has declined by 16.9%, moving from $101K to $84K. Total assets decreased by 29.9% over the same period, from $34K to $24K. Total functional expenses fell by 21.5%, from $106K to $83K. In its most recent filing year (2023), Connecticut Lyric Opera Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $23K in liabilities against $24K in assets (debt-to-asset ratio: 98.0%), resulting in net assets of $471.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84K | $83K | $24K | $23K | — | — |
| 2022 | $73K | $103K | $24K | $25K | — | — |
| 2020 | $37K | $38K | $52K | $25K | — | View 990 |
| 2019 | $77K | $73K | $27K | $0 | — | View 990 |
| 2018 | $77K | $78K | $24K | $0 | — | View 990 |
| 2017 | $60K | $59K | $25K | $700 | — | View 990 |
| 2016 | $102K | $102K | $28K | $4K | — | View 990 |
| 2015 | $69K | $69K | $27K | $4K | — | View 990 |
| 2014 | $87K | $91K | $28K | $5K | — | View 990 |
| 2013 | $85K | $84K | $29K | $2K | — | View 990 |
| 2012 | $123K | $123K | $30K | $4K | — | View 990 |
| 2011 | $101K | $106K | $34K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84K, expenses of $83K, and assets of $24K (revenue +15.3% year-over-year).
- 2022: Revenue of $73K, expenses of $103K, and assets of $24K (revenue +95.5% year-over-year).
- 2020: Revenue of $37K, expenses of $38K, and assets of $52K (revenue -51.3% year-over-year).
- 2019: Revenue of $77K, expenses of $73K, and assets of $27K (revenue -0.7% year-over-year).
- 2018: Revenue of $77K, expenses of $78K, and assets of $24K (revenue +29.8% year-over-year).
- 2017: Revenue of $60K, expenses of $59K, and assets of $25K (revenue -41.7% year-over-year).
- 2016: Revenue of $102K, expenses of $102K, and assets of $28K (revenue +47.3% year-over-year).
- 2015: Revenue of $69K, expenses of $69K, and assets of $27K (revenue -19.9% year-over-year).
- 2014: Revenue of $87K, expenses of $91K, and assets of $28K (revenue +2.2% year-over-year).
- 2013: Revenue of $85K, expenses of $84K, and assets of $29K (revenue -31.0% year-over-year).
- 2012: Revenue of $123K, expenses of $123K, and assets of $30K (revenue +21.0% year-over-year).
- 2011: Revenue of $101K, expenses of $106K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Lyric Opera Inc:
Data Sources and Methodology
This transparency report for Connecticut Lyric Opera Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.