Lexington Retirement Community Inc

Analysis

Lexington Retirement Community Inc is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Retirement Community Inc reported income of $21.7m and spending of $19.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.1m to $21.7m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lexington Retirement Community Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Young Mens Christian Association of Greater St Petersburg Inc ($21.6m), Friendship Village of Mill Creek NFP ($21.7m) and Information and Referral Federation of Los Angeles County ($21.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $450k (2.3% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $113.7m against liabilities of $94.3m, net assets of $19.4m. It reported 216 employees.