Lexington Hearing and Speech Center Inc

Analysis

Lexington Hearing and Speech Center Inc is a registered charity in United States, based in East Elmhurst, NY. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Lexington Hearing and Speech Center Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.1m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lexington Hearing and Speech Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Utah Refugee Connection ($1.1m), Homes for Black Children ($1.1m) and Central Division Victim Services ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $35k (3.1% of expenses). Other salaries and wages came to $474k. At year end it held assets of $300k against liabilities of $397k, net assets of -$97k. It reported 11 employees.