Lexington Elderly Housing Inc

Analysis

Lexington Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Lexington Elderly Housing Inc reported income of $419k and spending of $493k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $370k to $419k (+13%), an average of +3.1% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lexington Elderly Housing Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Danebod Village ($419k), Ili Senior Housing-Chapel Valley Road Inc ($419k) and Newbury Elderly Housing Inc ($419k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $105k. At year end it held assets of $1.3m against liabilities of $58k, net assets of $1.2m.

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.