Lexington Gay Services Organization Inc

Analysis

Lexington Gay Services Organization Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 1980, 46 years ago. 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 September 2023, Lexington Gay Services Organization Inc reported income of $380k and spending of $381k, spending 100% of its income. Across the 6 years on record, from December 2018 to September 2023, income grew from $98k to $380k (+288%), an average of +31% a year. The sharpest change came in the year to September 2020, when income rose by 796%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington Gay Services Organization Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within KY. Charities of a similar size with the same main cause include Chresten Tomlin Ministries Inc ($379k), Christian Care Manor III Inc ($380k) and Big Brothers Big Sisters Services Inc ($379k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (11% of expenses). Other salaries and wages came to $84k. At year end it held assets of $117k against liabilities of $12k, net assets of $104k. It reported 6 employees.

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.