Lexington Residential Alternative Inc

Analysis

Lexington Residential Alternative Inc is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lexington Residential Alternative Inc reported income of $112k and spending of $94k, spending 83% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $99k to $112k (+13%), an average of +13% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lexington Residential Alternative Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 45th percentile within SC. Charities of a similar size with the same main cause include Millennium - Janesvlle II Inc ($112k), Hancock County Housing Associates ($112k) and Northwest Estates 811 II ($112k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $221k against liabilities of $113k, net assets of $108k.