Lex America Inc

Analysis

Lex America Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lex America Inc reported income of $195k and spending of $159k, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $204k to $195k (-4.6%), an average of -1.2% a year. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lex America Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Keiki Injury Prevention Coalition- Safe Hawai I Incorporated ($195k), Worthington Chamber Orchestra ($195k) and The Cora Foundation Inc ($195k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $59k (37% of expenses). Other salaries and wages came to $3,180. At year end it held assets of $152k against liabilities of $0, net assets of $152k. It reported 2 employees.