Lexington Community Radio Inc

Analysis

Lexington Community Radio Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, 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, Lexington Community Radio Inc reported income of $436k and spending of $434k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $436k (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lexington Community Radio Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include Denver Cultural Property Trust ($436k), Beech Community Services ($436k) and Community Main Street Inc ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $164k. It paid $26k in professional fundraising fees. At year end it held assets of $64k against liabilities of $35k, net assets of $29k. It reported 6 employees.