Lexington Education Foundation

Analysis

Lexington Education Foundation is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in December 1993, 33 years ago. 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 June 2023, Lexington Education Foundation reported income of $271k and spending of $232k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $545k to $271k (-50%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 175%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington Education Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Wildlife Research Institute ($271k), West Michigan Trails & Greenways ($271k) and Father Nadolny Good News Fund Inc ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $16k. At year end it held assets of $2.8m against liabilities of $136k, net assets of $2.6m. It reported 2 employees.