Lexington Center for Recovery Inc

Analysis

Lexington Center for Recovery Inc is a registered charity in United States, based in Katonah, NY. It received its IRS tax-exemption ruling in August 1983, 43 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 December 2023, Lexington Center for Recovery Inc reported income of $33.1m and spending of $29.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.8m to $33.1m (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington Center for Recovery Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Baptist Health System Foundation Inc ($33.1m), American Lutheran Homes Inc ($33.1m) and Homebridge Inc ($33.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $485k (1.6% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $26.2m against liabilities of $14.7m, net assets of $11.5m. It reported 294 employees.