Lexington Institute

Analysis

Lexington Institute is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Institute reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.8m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lexington Institute sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Arizona Technology Council Foundation ($1.8m), Mira Education ($1.8m) and Orange County Community College Association Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $1.0m (62% of expenses). Other salaries and wages came to $168k. At year end it held assets of $3.8m against liabilities of $100k, net assets of $3.7m. It reported 6 employees.