Lxi

Analysis

Lxi is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 May 2024, Lxi reported income of $167k and spending of $230k, spending 138% of what it took in. Across the 4 years on record, from May 2021 to May 2024, income fell from $273k to $167k (-39%), an average of -15% a year. The sharpest change came in the year to May 2024, when income dropped by 43%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lxi sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within TN. Charities of a similar size with the same main cause include Hatfield Jame Masjid ($167k), Glory City Network Inc ($167k) and Mas Bay Area ($167k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $44k (19% of expenses). Other salaries and wages came to $60k. At year end it held assets of $298k against liabilities of $83k, net assets of $215k. It reported 5 employees.