Lyceum Schools Inc

Analysis

Lyceum Schools Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2018, 8 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, Lyceum Schools Inc reported income of $2.9m and spending of $2.7m, spending 94% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $644k to $2.9m (+348%), an average of +112% a year. The sharpest change came in the year to June 2022, when income rose by 191%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lyceum Schools Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Society of Christian Instruction of Rock Valley Iowa ($2.9m), Orange County Partnership for Young Children ($2.9m) and Fort Vancouver Regional Library Foundation ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $104k (3.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.5m against liabilities of $907k, net assets of $552k. It reported 30 employees.