Lexington Theatre Company

Analysis

Lexington Theatre Company is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 2014, 12 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 December 2023, Lexington Theatre Company reported income of $2.3m and spending of $1.5m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $749k to $2.3m (+212%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 79% 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 Theatre Company sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Policy Matters Ohio ($2.3m), Childrens Discovery Center ($2.3m) and Musicians Hall of Fame and Museum ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $409k. At year end it held assets of $3.3m against liabilities of $1.8m, net assets of $1.5m. It reported 96 employees.