Lyra

Analysis

Lyra is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Lyra reported income of $262k and spending of $234k, spending 89% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $296k to $262k (-12%), an average of -4.1% a year. The sharpest change came in the year to June 2020, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lyra sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Roswell Symphony Orchestra Inc ($262k), Rockport Cultural Arts District ($262k) and Bosnian American Association Inc ($262k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $45k against liabilities of -$884, net assets of $46k.