Lexington Housing for the Handicapped Inc

Analysis

Lexington Housing for the Handicapped Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 1973, 53 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 December 2023, Lexington Housing for the Handicapped Inc reported income of $613k and spending of $350k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $320k to $613k (+92%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lexington Housing for the Handicapped Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include Migrant Justice Inc ($613k), Filling Station ($613k) and Family Farm Wellspring Inc ($613k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $22k (6.2% of expenses). Other salaries and wages came to $33k. At year end it held assets of $1.1m against liabilities of $383k, net assets of $737k. It reported 2 employees.