Lexington Arts and Crafts Society Inc

Analysis

Lexington Arts and Crafts Society Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in August 1955, 71 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Lexington Arts and Crafts Society Inc reported income of $710k and spending of $616k, spending 87% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $684k to $710k (+3.8%), an average of +1.2% a year. The sharpest change came in the year to May 2022, when income rose by 29%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington Arts and Crafts Society Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Villa Maria Health Care SVC Inc ($709k), Iowa-Illinois Safety Council Inc ($710k) and Gaithersburg Help Inc ($709k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $244k (40% of expenses). At year end it held assets of $1.8m against liabilities of $28k, net assets of $1.8m. It reported 8 employees.