Lexington Concours Inc

Analysis

Lexington Concours Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Concours Inc reported income of $155k and spending of $163k, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $66k to $155k (+136%), an average of +33% a year. The sharpest change came in the year to December 2020, when income dropped by 104%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lexington Concours Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within KY. Charities of a similar size with the same main cause include New York Center for Kidney Transplantation ($155k), GVR Foundation ($155k) and Susans Legacy ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.