Lexington Public Library Foundation

Analysis

Lexington Public Library Foundation is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Lexington Public Library Foundation reported income of $3.2m and spending of $784k, leaving 75% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $459k to $3.2m (+591%), an average of +62% a year. The sharpest change came in the year to June 2023, when income rose by 500%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lexington Public Library Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Boise Bible College Inc ($3.2m), Resurgent Education and Community Health Service Inc ($3.2m) and Imani Christian Academy ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $3.4m against liabilities of $664, net assets of $3.4m.