The Lexington Educational Association

Analysis

The Lexington Educational Association is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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 June 2023, The Lexington Educational Association reported income of $74k and spending of $145k, spending 197% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $141k to $74k (-48%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Lexington Educational Association sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include Indiana Broadcasters Pioneers Foundation Inc ($74k), Writing Through ($74k) and Kearsarge Neighborhood Partners ($74k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $45k (31% of expenses). Other salaries and wages came to $54k. At year end it held assets of $480k against liabilities of $0, net assets of $480k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.