Lexington Community Foundation

Analysis

Lexington Community Foundation is a registered charity in United States, based in Lexington, NE. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Foundation reported income of $363k and spending of $367k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $363k (-76%), an average of -30% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lexington Community Foundation sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NE. Charities of a similar size with the same main cause include Community Foundation of the Klamathbasin ($363k), National Buffalo Foundation ($364k) and Heather Abbott Foundation ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $46k (12% of expenses). Other salaries and wages came to $110k. At year end it held assets of $7.5m against liabilities of $3.0m, net assets of $4.5m. It reported 3 employees.