Lexington Arts Council Inc

Analysis

Lexington Arts Council Inc is a registered charity in United States, based in Lexington, MI. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Lexington Arts Council Inc reported income of $153k and spending of $158k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $153k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lexington Arts Council 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 48th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include West Stockbridge Historical Society Inc ($153k), Multi Cultural Mosiac Foundation ($153k) and Riverbend Centre for the Arts ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $9,310 against liabilities of $0, net assets of $9,310.