Lyra

Analysis

Lyra is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Lyra reported income of $3.1m and spending of $1.5m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $852k to $3.1m (+266%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lyra sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Atlanta Partnership of Business and Education Inc ($3.1m), University of Rhode Island Student Senate Inc ($3.1m) and Thornston Educational Fund ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $384k (26% of expenses). Other salaries and wages came to $206k. At year end it held assets of $3.1m against liabilities of $122k, net assets of $3.0m. It reported 6 employees.