Historic Lexington Foundation

Analysis

Historic Lexington Foundation is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in May 1968, 58 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Lexington Foundation reported income of $72k and spending of $100k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $72k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 1703%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Lexington Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within VA. Charities of a similar size with the same main cause include The Chippewa Valley Band Boosters ($72k), California Performing Arts Centre ($72k) and Chippewa Falls Museum of Industry & Technology Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $15k (15% of expenses). Other salaries and wages came to $6,252. At year end it held assets of $1.2m against liabilities of $4,750, net assets of $1.2m. It reported 1 employees.