Lexington Philharmonic Orchestra Foundation Inc

Analysis

Lexington Philharmonic Orchestra Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lexington Philharmonic Orchestra Foundation Inc reported income of $146k and spending of $261k, spending 179% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $132k to $146k (+11%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 352%. Over the whole period it spent 89% 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 Philharmonic Orchestra Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within KY. Charities of a similar size with the same main cause include Promoting Wellness Foundation ($146k), Odyssey Writing Workshops Charitable TR ($146k) and Ocean View Historical Society ($146k).

At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.