Lexington Community Media Center Inc

Analysis

Lexington Community Media Center Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in December 2006, 20 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 (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 2024, Lexington Community Media Center Inc reported income of $585k and spending of $621k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $637k to $585k (-8.1%), an average of -2.1% a year. Over the whole period it spent 102% 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 Community Media Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Columbus Area Childrens Museum Inc ($585k), Foothill Creative Arts Group ($585k) and American Academy of Matrimonial Lawyers Foundation ($585k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $121k (19% of expenses). Other salaries and wages came to $275k. At year end it held assets of $620k against liabilities of $44k, net assets of $575k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.