Lyon College

Analysis

Lyon College is a registered charity in United States, based in Batesville, AR. It received its IRS tax-exemption ruling in April 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lyon College reported income of $26.4m and spending of $41.9m, spending 159% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.8m to $26.4m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to June 2020, when income rose by 199%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lyon College sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AR. Charities of a similar size with the same main cause include Randolph College ($26.4m), Community Academy of Philadelphia a Pennylvania Charter School ($26.4m) and Oklahoma Skynet Inc ($26.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $436k (1.0% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $107.4m against liabilities of $48.8m, net assets of $58.6m. It reported 539 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.