Lenox Community Trust

Analysis

Lenox Community Trust is a registered charity in United States, based in Lenox, IA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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, Lenox Community Trust reported income of $114k and spending of $86k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $245k to $114k (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lenox Community Trust sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within IA. Charities of a similar size with the same main cause include Camp Sue Osborn Inc ($114k), Common Ground Project ($114k) and Gilbert Stuart Memorial Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 49% of the total. At year end it held assets of $751k against liabilities of $0, net assets of $751k.