Arts, Culture & Humanities
(A6A0)
IRS Verified
DX Registered
990 on File
LYRIC OPERA OF CHICAGO
Financial strength (30%)
70/100
Reliability (20%)
70/100
Effectiveness (25%)
100/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
We believe in the life-changing, transformational, revelatory power of great art and opera. Lyric Opera of Chicago exists to provide a broad, deep, and relevant cultural service to the Chicago region and the nation, and to advance the development of the art form of opera by: • Producing and performing consistently thrilling, world-class opera, with a balanced repertoire that encompasses core classics, lesser-known masterpieces, and new works. • Creating a diverse, innovative, wide-ranging program of community engagement and education activities that reaches the widest possible public. • Developing exceptional emerging operatic talent.
Financial Overview — FY 2023
$59.7M
Total Revenue
$85.8M
Total Expenses
$185.9M
Net Assets
1048
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
82.2%
Fundraising Efficiency
472.2%
Operating Reserve
25.99x
Liability-to-Asset
31.1%
Revenue Diversification
55.9%
Executive Compensation
$3.2M
Compared with Peers
FY 2023
Compared with 655 similar organizations
(United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.2% | 79.6% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.2% | 13.1% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
6.6% | 6.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
472.2% | 814.0% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
26.0 mo | 28.2 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
31.1% | 13.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
55.9% | 72.1% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-23.8% | -2.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
22.1% | 12.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-43.6% | 0.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $59.7M | $85.8M | $185.9M | 82.2% | 1048 |
| 2022 | $78.4M | $70.3M | $195.8M | 79.7% | 923 |
| 2021 | $46.9M | $45.9M | N/A | — | 836 |
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