Lexington-Bell Center

Analysis

Lexington-Bell Center is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 1975, 51 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 December 2023, Lexington-Bell Center reported income of $1.0m and spending of $985k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $933k to $1.0m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington-Bell Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Oklahomans for Equality Inc ($1.0m), International Language Institute of Ma Inc ($1.0m) and Twin Cedars Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $120k (12% of expenses). Other salaries and wages came to $502k. At year end it held assets of $1.7m against liabilities of $65k, net assets of $1.6m. It reported 22 employees.