Lyke Community Corporation
Lyke Community Corporation shows consistent program focus with zero reported officer compensation, despite a 2023 deficit.
EIN: 205576617 · Shreveport, LA · NTEE: X22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $946K |
| Total Expenses | $884K |
| Program Spending | 90% |
| Net Assets | $45K |
| Transparency Score | 85/100 |
Is Lyke Community Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lyke Community Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lyke Community Corporation
Lyke Community Corporation (EIN: 205576617) is a nonprofit organization based in Shreveport, LA, classified under NTEE code X22. The organization reported total revenue of $946K and total assets of $297K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lyke Community Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lyke Community Corporation is a small nonprofit that has been operating for 12 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 51.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $724K |
| Total Expenses | $884K |
| Surplus / Deficit | $-160,057 |
| Total Assets | $229K |
| Total Liabilities | $184K |
| Net Assets | $45K |
| Operating Margin | -22.1% |
| Debt-to-Asset Ratio | 80.5% |
| Months of Reserves | 3.1 months |
Financial Health Grade: C
In 2023, Lyke Community Corporation reported a deficit of $160K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 80.5% (high leverage).
Financial Trends
Over 13 years of filings (2010–2023), Lyke Community Corporation's revenue has grown at a compound annual growth rate (CAGR) of 51.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.1% | +16.1% | -38.3% |
| 2022 | +28.1% | +21.0% | +78.1% |
| 2021 | +5.6% | +10.3% | -7.3% |
| 2020 | +4.1% | -4.0% | +147.8% |
| 2019 | +31.0% | +48.6% | -27.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lyke Community Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Lyke Community Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $160K, with expenses exceeding revenue.
- Debt-to-asset ratio: 80.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating either a volunteer leadership structure or compensation through non-officer categories, which is highly favorable for resource allocation and transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lyke Community Corporation's IRS 990 filings:
- Expenses exceeded revenue by $160,057 in 2023, indicating a significant operating deficit for that year.
Strengths
The following positive indicators were identified for Lyke Community Corporation:
- Consistent reporting of 0% officer compensation across all filings, indicating strong resource allocation to programs.
- Significant growth in assets from $1,321 in 2014 to $228,967 in 2023, demonstrating long-term financial development.
- Historical trend of managing expenses close to revenue, indicating generally sound financial management.
- Strong program focus, as implied by the NTEE code and the lack of high administrative or fundraising compensation.
Frequently Asked Questions about Lyke Community Corporation
Is Lyke Community Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lyke Community Corporation (EIN: 205576617) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Lyke Community Corporation spend its money?
Lyke Community Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lyke Community Corporation tax-deductible?
Lyke Community Corporation is registered as a tax-exempt nonprofit (EIN: 205576617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lyke Community Corporation's spending goes to programs?
Lyke Community Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lyke Community Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lyke Community Corporation is above average for NTEE category X22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lyke Community Corporation located?
Lyke Community Corporation is headquartered in Shreveport, Louisiana and files with the IRS under EIN 205576617. It is classified under NTEE code X22.
How many years of IRS 990 filings does Lyke Community Corporation have?
Lyke Community Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $946K in total revenue.
Is Lyke Community Corporation a good charity?
Based on the available data, Lyke Community Corporation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. While it experienced a deficit in 2023, its historical financial management generally shows expenses close to revenue, and assets have grown significantly over the past decade.
How has Lyke Community Corporation's financial health changed over time?
Lyke Community Corporation has shown significant growth in revenue and assets over the past decade. Revenue increased from $80,053 in 2014 to $723,979 in 2023, and assets grew from $1,321 to $228,967 in the same period. While there was a deficit in 2023, the organization generally manages its expenses close to its revenue, indicating a stable, growing financial trajectory.
What is Lyke Community Corporation's approach to executive compensation?
Lyke Community Corporation consistently reports 0% officer compensation in all available IRS 990 filings. This indicates a strong commitment to minimizing administrative overhead at the executive level, potentially through volunteer leadership or alternative compensation structures not classified as officer pay.
Filing History
IRS 990 filing history for Lyke Community Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Lyke Community Corporation's revenue has grown by 21621.5%, moving from $3K to $724K. Total assets increased by 1602.4% over the same period, from $13K to $229K. Total functional expenses rose by 29367.9%, from $3K to $884K. In its most recent filing year (2023), Lyke Community Corporation reported a deficit of $160K, with expenses exceeding revenue. The organization holds $184K in liabilities against $229K in assets (debt-to-asset ratio: 80.5%), resulting in net assets of $45K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $724K | $884K | $229K | $184K | — | — |
| 2022 | $805K | $761K | $371K | $166K | — | View 990 |
| 2021 | $629K | $629K | $209K | $48K | — | View 990 |
| 2020 | $596K | $571K | $225K | $64K | — | — |
| 2019 | $572K | $595K | $91K | $20K | — | View 990 |
| 2018 | $437K | $400K | $125K | $32K | — | View 990 |
| 2017 | $278K | $278K | $99K | $42K | — | View 990 |
| 2016 | $249K | $215K | $109K | $51K | — | View 990 |
| 2015 | $121K | $99K | $24K | $0 | — | View 990 |
| 2014 | $80K | $81K | $1K | $0 | — | View 990 |
| 2013 | $293K | $309K | $2K | $0 | — | View 990 |
| 2011 | $62K | $44K | $31K | $13K | — | — |
| 2010 | $3K | $3K | $13K | $13K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $724K, expenses of $884K, and assets of $229K (revenue -10.1% year-over-year).
- 2022: Revenue of $805K, expenses of $761K, and assets of $371K (revenue +28.1% year-over-year).
- 2021: Revenue of $629K, expenses of $629K, and assets of $209K (revenue +5.6% year-over-year).
- 2020: Revenue of $596K, expenses of $571K, and assets of $225K (revenue +4.1% year-over-year).
- 2019: Revenue of $572K, expenses of $595K, and assets of $91K (revenue +31.0% year-over-year).
- 2018: Revenue of $437K, expenses of $400K, and assets of $125K (revenue +57.3% year-over-year).
- 2017: Revenue of $278K, expenses of $278K, and assets of $99K (revenue +11.4% year-over-year).
- 2016: Revenue of $249K, expenses of $215K, and assets of $109K (revenue +105.7% year-over-year).
- 2015: Revenue of $121K, expenses of $99K, and assets of $24K (revenue +51.3% year-over-year).
- 2014: Revenue of $80K, expenses of $81K, and assets of $1K (revenue -72.6% year-over-year).
- 2013: Revenue of $293K, expenses of $309K, and assets of $2K (revenue +374.6% year-over-year).
- 2011: Revenue of $62K, expenses of $44K, and assets of $31K (revenue +1749.2% year-over-year).
- 2010: Revenue of $3K, expenses of $3K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lyke Community Corporation:
Data Sources and Methodology
This transparency report for Lyke Community Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.