Lyrasis

Analysis

Lyrasis is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in March 1937, 89 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lyrasis reported income of $123.9m and spending of $124.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $79.5m to $123.9m (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lyrasis sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Braverhood Ltd ($123.6m), 1693 Partners Fund ($123.9m) and Center for Creative Leadership ($123.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $87k (0.1% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $70.7m against liabilities of $52.1m, net assets of $18.7m. It reported 93 employees.