Lyra Society

Analysis

Lyra Society is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2006, 20 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 August 2023, Lyra Society reported income of $138k and spending of $143k, spending 103% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $108k to $138k (+28%), an average of +28% a year. The sharpest change came in the year to August 2023, when income rose by 28%. Over the whole period it spent 104% 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 Society sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Westbury Arts Inc ($138k), Human Behavior and Evolution Society Inc ($138k) and Third Place Technologies ($138k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $88k against liabilities of $3,033, net assets of $85k.