Edward C Smith Civic Center of Lexington Inc

Analysis

Edward C Smith Civic Center of Lexington Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2021, Edward C Smith Civic Center of Lexington Inc reported income of $226k and spending of $131k, leaving 42% of income unspent that year. Across the 2 years on record, from May 2020 to May 2021, income grew from $168k to $226k (+34%), an average of +34% a year. The sharpest change came in the year to May 2021, when income rose by 34%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edward C Smith Civic Center of Lexington Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Dawn of Hope Foundation ($226k), Scholarship Foundation of Southwest Georgia Inc ($226k) and Tennessee Center for Civic Learning and Engagement ($226k).

On its Form 990 for the period ending May 2021, revenue came from contributions and grants 97% and program service revenue 0.7% of the total. Other salaries and wages came to $3,357. At year end it held assets of $583k against liabilities of $4,174, net assets of $579k. It reported 7 employees.