Lyric Foundation Inc Uw Virginia K Cummins
Lyric Foundation Inc maintains substantial assets with minimal expenses and no reported executive compensation.
EIN: 136057749 · Greenville, DE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $466K |
| Total Expenses | $88K |
| Program Spending | 80% |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Lyric Foundation Inc Uw Virginia K Cummins Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lyric Foundation Inc Uw Virginia K Cummins directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lyric Foundation Inc Uw Virginia K Cummins
Lyric Foundation Inc Uw Virginia K Cummins (EIN: 136057749) is a nonprofit organization based in Greenville, DE. The organization reported total revenue of $466K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lyric Foundation Inc Uw Virginia K Cummins's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lyric Foundation Inc Uw Virginia K Cummins is a small nonprofit that has been operating for 56 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 32.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $616K |
| Total Expenses | $88K |
| Surplus / Deficit | +$528K |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | 85.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 213.4 months |
Financial Health Grade: A
In 2023, Lyric Foundation Inc Uw Virginia K Cummins reported a surplus of $528K with revenue exceeding expenses, holds 213.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Lyric Foundation Inc Uw Virginia K Cummins's revenue has grown at a compound annual growth rate (CAGR) of 32.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +505.4% | +2.3% | +51.0% |
| 2022 | -60.3% | -21.4% | +1.6% |
| 2021 | +425.7% | +39.3% | +16.8% |
| 2020 | -2.7% | -6.1% | -3.3% |
| 2019 | -9.1% | +11.8% | -10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 Lyric Foundation Inc Uw Virginia K Cummins with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lyric Foundation Inc Uw Virginia K Cummins allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $528K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led board or extremely low executive salaries, which contributes to very low administrative overhead.
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 Lyric Foundation Inc Uw Virginia K Cummins's IRS 990 filings:
- 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
The following positive indicators were identified for Lyric Foundation Inc Uw Virginia K Cummins:
- 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)
Frequently Asked Questions about Lyric Foundation Inc Uw Virginia K Cummins
Is Lyric Foundation Inc Uw Virginia K Cummins a legitimate charity?
Lyric Foundation Inc Uw Virginia K Cummins (EIN: 136057749) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $466K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Lyric Foundation Inc Uw Virginia K Cummins spend its money?
Lyric Foundation Inc Uw Virginia K Cummins directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lyric Foundation Inc Uw Virginia K Cummins tax-deductible?
Lyric Foundation Inc Uw Virginia K Cummins is registered as a tax-exempt nonprofit (EIN: 136057749). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lyric Foundation Inc Uw Virginia K Cummins's spending goes to programs?
Lyric Foundation Inc Uw Virginia K Cummins directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lyric Foundation Inc Uw Virginia K Cummins located?
Lyric Foundation Inc Uw Virginia K Cummins is headquartered in Greenville, Delaware and files with the IRS under EIN 136057749.
How many years of IRS 990 filings does Lyric Foundation Inc Uw Virginia K Cummins have?
Lyric Foundation Inc Uw Virginia K Cummins has 10 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 $466K in total revenue.
What are the specific programs or grants funded by Lyric Foundation Inc?
The provided IRS 990 data does not detail the specific programs or grants funded by the organization. The low expense figures relative to assets suggest it may primarily function as an endowment or grant-making entity with minimal direct operational programs.
Why are expenses consistently low compared to revenue and assets?
The consistently low expenses relative to revenue and assets (e.g., $87,948 expenses on $615,977 revenue in 2023) suggest that the organization primarily focuses on managing its endowment and potentially making grants, rather than operating large-scale direct programs. This structure often results in lower operational costs.
How does the organization ensure its mission is being fulfilled with such low reported expenses?
Given the low expenses, it's likely the organization fulfills its mission through grant-making to other entities or by supporting specific initiatives with minimal direct operational overhead. The filings do not provide details on grant recipients or specific mission-related activities beyond general financial data.
Filing History
IRS 990 filing history for Lyric Foundation Inc Uw Virginia K Cummins showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lyric Foundation Inc Uw Virginia K Cummins's revenue has grown by 2711.8%, moving from $22K to $616K. Total assets increased by 38% over the same period, from $1.1M to $1.6M. Total functional expenses rose by 62.8%, from $54K to $88K. In its most recent filing year (2023), Lyric Foundation Inc Uw Virginia K Cummins reported a surplus of $528K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $616K | $88K | $1.6M | $1 | — | — |
| 2022 | $102K | $86K | $1.0M | $1 | — | View 990 |
| 2021 | $256K | $109K | $1.0M | $1 | — | View 990 |
| 2020 | $49K | $79K | $873K | $1 | — | View 990 |
| 2019 | $50K | $84K | $903K | $0 | — | View 990 |
| 2015 | $55K | $75K | $1.0M | $0 | — | View 990 |
| 2014 | $34K | $44K | $1.0M | $0 | — | View 990 |
| 2013 | $33K | $99K | $1.0M | $0 | — | View 990 |
| 2012 | $33K | $65K | $1.1M | $0 | — | View 990 |
| 2011 | $22K | $54K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $616K, expenses of $88K, and assets of $1.6M (revenue +505.4% year-over-year).
- 2022: Revenue of $102K, expenses of $86K, and assets of $1.0M (revenue -60.3% year-over-year).
- 2021: Revenue of $256K, expenses of $109K, and assets of $1.0M (revenue +425.7% year-over-year).
- 2020: Revenue of $49K, expenses of $79K, and assets of $873K (revenue -2.7% year-over-year).
- 2019: Revenue of $50K, expenses of $84K, and assets of $903K (revenue -9.1% year-over-year).
- 2015: Revenue of $55K, expenses of $75K, and assets of $1.0M (revenue +62.4% year-over-year).
- 2014: Revenue of $34K, expenses of $44K, and assets of $1.0M (revenue +3.0% year-over-year).
- 2013: Revenue of $33K, expenses of $99K, and assets of $1.0M (revenue -0.5% year-over-year).
- 2012: Revenue of $33K, expenses of $65K, and assets of $1.1M (revenue +51.3% year-over-year).
- 2011: Revenue of $22K, expenses of $54K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lyric Foundation Inc Uw Virginia K Cummins:
Data Sources and Methodology
This transparency report for Lyric Foundation Inc Uw Virginia K Cummins 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.