Lyriks Institution

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EIN 84-2799526 Public charity (501(c)(3)) Kansas City, MO NTEE E01
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Revenue & expenses by yearFY2021–FY2024
Revenue
$949K
FY2024▲ +601%
Expenses
$551K
FY2024▲ +238%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Teaches creative arts using cognitive therapy to help students master skills. For fiscal year 2024 it reported $949K in revenue, $551K in expenses, and $372K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Kansas City, MO
Filings
4 on file (2021–2024)
Revenue
$949KFY2024
Expenses
$551K
Net assets
$372K
People
4
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Provided by the organization

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Size
$100K–1M
What they do
Teaches creative arts using cognitive therapy to help students master skills.
Leadership
Kyle Hollins · Board President · $89K
Money in and out
$949K revenue, $551K expenses
Bottom line
82% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

5 funders, incl. Annie E Casey Foundation INC

5 distinct foundation funder(s) on file, $164K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

82% to programs

82% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +601% vs prior year

Revenue band $100K–1M, +601% versus the prior filing year (up). See detail →

Where the money goes · FY2024
Total revenue
$949K
Pt VIII · Ln 12
Total expenses
$551K
Pt IX · Ln 25
Net assets
$372K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $398K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.16 Fundraising $0.02
Program efficiency
82%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
6.7mo
months of highly liquid reserves at operating expense rate▲ +81% vs prior filing year
Surplus margin
+42%
revenue over expenses, this year▲ +303% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$383K
FY2024▲ +668%
Total liabilities
$11K
FY2024▼ -78%
Revenue less expensesPt I · Ln 19$398K
Total assetsPt X · Ln 16$383K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CLyriks Institution
EINHdr · item D84-2799526
Principal addressHdr · item CKansas City, MO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E01)
Ruling yearIRS BMFOct 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board President
$89,000Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kyle Hollins’s $89K as Board President is at the 73rd percentile of top reported officer pay among 1980 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Mission & Programs · Part III

Where the work happens

1 program service account for $452K of program spending, described in the organization's own filed words · FY2024.
01

To serve our community by creating a program that applies cognitive behavior therapy and allows students a chance to master in the creative arts.

$452Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$548K · 58%
Contributions & grants$380K · 40%
Other revenue$21K · 2%
Program service revenue58%$548K
Contributions & grants40%$380K
Other revenue2%$21K
Total revenueLn 12$949K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.16 Fundraising $0.02
Program services82%$452K
Management & general16%$87K
Fundraising2%$12K
Total functional expensesLn 25$551K

Balance Sheet

Part X · end of year
CashLn 1$308K
Total assetsLn 16$383K
Total liabilitiesLn 26$11K
Total net assetsLn 32$372K
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $308K · Operating expenses/yr $551K
6.7 months
Where the money goes
Program services
Program services $452K · Total expenses $551K
82%
Management & General
Management & general $87K · Total expenses $551K
16%
Fundraising
Fundraising $12K · Total expenses $551K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $231K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $380K · Total revenue $949K
40%
Government reliance
Government grants — · Total revenue $949K
—
Earned-income share
Program service revenue $548K · Total revenue $949K
58%
Investment reliance
Investment income $0 · Total revenue $949K
0%
Program self-sufficiency
Program service revenue $548K · Total expenses $551K
100%
Growth & trend
Revenue growth (YoY)
This year $949K · Prior year $135K
+601%
Net-asset trend (YoY)
End of year $372K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $949K · Expenses $551K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $383K
—
Net-asset ratio
Net assets $372K · Total assets $383K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $383K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kyle Hollins · Reported title BOARD PRESIDENT · Highest reported compensation $89K · Total expenses $551K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $97K · Total expenses $551K
18%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 16%——
Fundraising cost ratio 3%——
Revenue growth 601%——
Accounting fee ratio 0.07%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$949K revenue · viewing · ⤓ 990 PDF
FY2023$135K revenue · ⤓ 990 PDF
FY2022$288K revenue · ⤓ 990 PDF
FY2021$103K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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