The Lexington Cancer Foundation Inc

Analysis

The Lexington Cancer Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 January 2024, The Lexington Cancer Foundation Inc reported income of $556k and spending of $686k, spending 123% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $544k to $556k (+2.2%), an average of +0.5% a year. The sharpest change came in the year to January 2022, when income rose by 241%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Lexington Cancer Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Foundation for Marshall Medicalcenters Inc ($555k), Coventry Town Foundation Inc ($556k) and Stranahan Supporting Organization ($555k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $145k (21% of expenses). Other salaries and wages came to $11k. At year end it held assets of $2.4m against liabilities of $773, net assets of $2.4m. It reported 2 employees.