Lyke Community Corporation

Analysis

Lyke Community Corporation is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lyke Community Corporation reported income of $724k and spending of $884k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $724k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lyke Community Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within LA. Charities of a similar size with the same main cause include Bell Tower Counseling ($724k), Alight Inc ($724k) and Gospel Book and Tract Depot ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $229k against liabilities of $184k, net assets of $45k.