Lyc Concours Corporation

Analysis

Lyc Concours Corporation is a registered charity in United States, based in Seabrook, TX. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Lyc Concours Corporation reported income of $646k and spending of $621k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $666k to $646k (-2.9%), an average of -0.7% a year. The sharpest change came in the year to August 2021, when income rose by 854%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lyc Concours Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Vets Returning Home Inc ($646k), Phoenix Jewish Free Loan Assn ($646k) and Charles a Coffin Memorial Fund ($646k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Other salaries and wages came to $102k. At year end it held assets of $215k against liabilities of $0, net assets of $215k. It reported 2 employees.