Lyric Foundation Inc

Analysis

Lyric Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lyric Foundation Inc reported income of $153k and spending of $152k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $184k to $153k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lyric Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Waltham Pop Warner Football ($152k), Leaders Now International Inc ($153k) and Captivating Ladies Acquiring Successful Standards Yearly Classy ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,656 against liabilities of $0, net assets of $1,656.