Is Lyric Foundation Inc Uw Virginia K Cummins Legit?
Quick charity verification for Lyric Foundation Inc Uw Virginia K Cummins (EIN: 136057749)
Verdict: Lyric Foundation Inc Uw Virginia K Cummins appears trustworthy
75/100Mission Score
$466KRevenue
$1.5MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in available data
NTEE Code is unknown, making it difficult to benchmark against similar organizations
Strengths
Strong asset growth, increasing from $872,918 in 2020 to $1,563,767 in 2023
Extremely low liabilities ($0 or $1 across all filings), indicating financial stability
0% officer compensation reported, suggesting efficient use of funds for non-executive purposes
Consistent financial reporting over a long period (10 filings)
Spending Breakdown
How Lyric Foundation Inc Uw Virginia K Cummins allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lyric Foundation Inc Uw Virginia K Cummins
Is Lyric Foundation Inc Uw Virginia K Cummins a legitimate charity?
Based on AI analysis of IRS 990 filings, Lyric Foundation Inc Uw Virginia K Cummins (EIN: 136057749) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Lyric Foundation Inc Uw Virginia K Cummins a good charity to donate to?
Lyric Foundation Inc Uw Virginia K Cummins has a Mission Score of 75/100. Revenue: $466K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lyric Foundation Inc Uw Virginia K Cummins?
The Employer Identification Number (EIN) for Lyric Foundation Inc Uw Virginia K Cummins is 136057749. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lyric Foundation Inc Uw Virginia K Cummins spend its money?
Lyric Foundation Inc Uw Virginia K Cummins allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lyric Foundation Inc Uw Virginia K Cummins's tax-exempt status?
You can verify Lyric Foundation Inc Uw Virginia K Cummins's tax-exempt status using EIN 136057749 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Lyric Foundation Inc Uw Virginia K Cummins demonstrates a consistent pattern of low expenses relative to its revenue and assets, suggesting a focus on endowment growth rather than active program spending. For example, in 2023, with revenue of $615,977, expenses were only $87,948. This trend is observed across multiple years, with expenses often being a small fraction of revenue, and in some years, exceeding revenue, indicating reliance on prior period gains or asset drawdowns. The organization's assets have shown growth over the past few years, increasing from $872,918 in 2020 to $1,563,767 in 2023, indicating sound financial management in terms of asset preservation and growth.
The lack of reported officer compensation across all filings suggests a volunteer-led or minimally compensated leadership structure, which can contribute to lower administrative costs. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The consistent reporting of minimal liabilities ($0 or $1) indicates a very healthy balance sheet with virtually no debt. The organization's financial health appears strong in terms of asset accumulation and low liabilities, but its operational efficiency and program impact are less clear due to the limited expense detail typically available for smaller foundations.