Lexington Art League Inc

Analysis

Lexington Art League Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 1976, 50 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Lexington Art League Inc reported income of $225k and spending of $282k, spending 125% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $284k to $225k (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lexington Art League Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include Kankakee Valley Theatre Assn ($225k), Crimson Band Booster Club ($225k) and Longmont Theatre Company ($225k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 64% of the total. Other salaries and wages came to $119k. At year end it held assets of $116k against liabilities of $98k, net assets of $18k. It reported 6 employees.