Lexington School for the Deaf

Analysis

Lexington School for the Deaf is a registered charity in United States, based in East Elmhurst, NY. It received its IRS tax-exemption ruling in November 1971, 55 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 School for the Deaf reported income of $507k and spending of $185k, leaving 63% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $467k to $507k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington School for the Deaf sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Abram Demaree Homestead ($507k), Merriwether Volunteer Fire Department ($507k) and Kansas Farm Bureau Foundation ($507k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $1,975 (1.1% of expenses). Other salaries and wages came to $4,705. At year end it held assets of $8.5m against liabilities of $3.1m, net assets of $5.5m. It reported 2 employees.