Lenox Charitable Fund Inc

Analysis

Lenox Charitable Fund Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in December 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lenox Charitable Fund Inc reported income of $129k and spending of $105k, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $81k to $129k (+59%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lenox Charitable Fund Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include General Alumni Association of Lincoln University ($129k), American Society of Heating Refrigerating & A-C Engineers ($129k) and PTA Georgia Congress ($129k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 79% of the total. At year end it held assets of $532k against liabilities of $400k, net assets of $133k.