Lexington Universal Academy Inc

Analysis

Lexington Universal Academy Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Lexington Universal Academy Inc reported income of $1.5m and spending of $1.2m, leaving 21% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.0m to $1.5m (+46%), an average of +9.9% a year. The sharpest change came in the year to July 2021, when income rose by 28%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lexington Universal Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include Association for Advancing Quality in Educator Preparation ($1.5m), Upland Hills Farm School ($1.5m) and Cathedral High School Foundation ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. At year end it held assets of $3.6m against liabilities of $161k, net assets of $3.4m.