West End Community Empowerment Project of Lexington Inc

Analysis

West End Community Empowerment Project of Lexington Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, West End Community Empowerment Project of Lexington Inc reported income of $385k and spending of $315k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $255k to $385k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West End Community Empowerment Project of Lexington Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within KY. Charities of a similar size with the same main cause include Kingsbridge Riverdale Van Cortland Development Corporation ($385k), Neighborhood Hands ($385k) and Rockdale Coalition for Children & Families Inc ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Other salaries and wages came to $144k. At year end it held assets of $122k against liabilities of $0, net assets of $122k. It reported 22 employees.