Lexington Foundation Inc

Analysis

Lexington Foundation Inc is a registered charity in United States, based in Johnstown, NY. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Lexington Foundation Inc reported income of $2.0m and spending of $2.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lexington Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Columbus Alliance for Battered Women Inc ($2.0m), Human Rights Initiative of North Texas Inc ($2.0m) and Ariva Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 31% of the total. Other salaries and wages came to $282k. At year end it held assets of $17.1m against liabilities of $2.6m, net assets of $14.5m.