Overview

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Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

LYRIC FOUNDATION INC is a nonprofit organization dedicated to youth organizing, with a mission focused on skills development and youth tutoring. In 2024, the organization operates with a budget of $159.3K and reported total revenue of $161.2K, relying on multiple funders without any single source contributing 50% or more of its revenue. While specific geographic operations are not detailed, the foundation's commitment to empowering youth through education and skill-building remains its central focus.

Mission Statement

SKILLS DEVELOPMENT AND YOUTH TUTORING
Revenues
$161.2K
Expenses
$160.5K
Net Income:
+$748
Assets
$2.4K
Liabilities
$0
Net Assets:
+$2.4K
Operating Budget
$159.3K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$5K
Largest grant received
$5K
K
Kimberly Holmes
Board Member
A
Anita Holmes
Board Member
L
La Donna Holmes
Board Member

Frequently Asked Questions

What is LYRIC FOUNDATION INC’s budget?
In 2024, LYRIC FOUNDATION INC reported an annual operating budget of around $159 thousand. More detailed financial information is available to registered users.
What causes does LYRIC FOUNDATION INC support?
LYRIC FOUNDATION INC supports work in Youth organizing.
Where does LYRIC FOUNDATION INC operate?
LYRIC FOUNDATION INC is headquartered in Chicago, IL.
Who funded LYRIC FOUNDATION INC recently?
In 2021, LYRIC FOUNDATION INC received grants from THE MICHAEL & HELEN SCHAFFER FOUNDATION C/O FOSTER DYKEMA CABOT & PARTNERS LLC, THE MICHAEL & HELEN SCHAFFER FOUNDATION C/O FOSTER DYKEMA CABOT & PARTNERS LLC, and BETTY A AND D WALTER COHEN FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant LYRIC FOUNDATION INC received in 2021?
The largest grant to LYRIC FOUNDATION INC in 2021 exceeds $5,000.