Overview

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Est.

1968

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
990 file icon
2023
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2022
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AI Summary

Lyric Foundation Inc is a performing arts nonprofit dedicated to the preservation and operation of the Lyric as a historic monument and to advancing the performing arts. In filing year 2025, it reported an operating budget of $15.3M and total revenue of $13.8M, with support from funders including Maryland Opera Inc, Mangione Family Foundation Inc, and UNIVERSITY OF BALTIMORE FOUNDATION INC.

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Mission Statement

THE PRESERVATION AND OPERATION OF THE LYRIC AS A HISTORIC MONUMENT AND FOR THE ADVANCEMENT OF THE PERFORMING ARTS.

Cause Areas

1
Performing arts
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Financials

2024
Revenues
$14.2M
Expenses
$15M
Net Income:
-$748K
Assets
$18.3M
Liabilities
$5.3M
Net Assets:
+$13M

Financial Trends

2024
Operating Budget
$15M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
Maryland Opera Inc
Baltimore, MD, US
$815.4K
100%
Mangione Family Foundation Inc
Lutherville Timonium, MD, US
$425K
23%
Logo for "UNIVERSITY OF BALTIMORE FOUNDATION INC"
UNIVERSITY OF BALTIMORE FOUNDATION INC
Baltimore, MD, US
$233.6K
100%

Grants Received

2024
Total No. of Grants
3
Median grant size
$2K
Largest grant received
$20.1K

Board & Team

J
Jonathan Schwartz
Board Member
M
MR Bryant Cargile
Board Member
M
MRS Jacqueline Brooks
Board Member
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  • 16 funders
  • 59 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is LYRIC FOUNDATION INC’s budget?
In 2024, LYRIC FOUNDATION INC reported an annual operating budget of around $15 million. More detailed financial information is available to registered users.
What causes does LYRIC FOUNDATION INC support?
LYRIC FOUNDATION INC supports work in Performing arts.
Where does LYRIC FOUNDATION INC operate?
LYRIC FOUNDATION INC is headquartered in BALTIMORE, MD.
Who funded LYRIC FOUNDATION INC recently?
In 2024, LYRIC FOUNDATION INC received grants from BALTIMORE COMMUNITY FOUNDATION INC, JOHN C CORCKRAN JR CHARITABLE FOUNDATION, and CAMPBELL FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant LYRIC FOUNDATION INC received in 2024?
The largest grant to LYRIC FOUNDATION INC in 2024 exceeds $20 thousand.
What is LYRIC FOUNDATION INC’s reliance on government grants?
LYRIC FOUNDATION INC relied on government grants for less than 5% of their total revenue in 2024.