Lexington Christian Academy

Analysis

Lexington Christian Academy is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in March 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lexington Christian Academy reported income of $13.5m and spending of $12.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $13.5m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lexington Christian Academy sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Schenck School Inc ($13.5m), Global Village Academy - Aurora ($13.5m) and Sme Education Foundation ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $443k (3.5% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $39.3m against liabilities of $18.1m, net assets of $21.2m. It reported 197 employees.