Lexington Medical Center Foundation Inc

Analysis

Lexington Medical Center Foundation Inc is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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 September 2023, Lexington Medical Center Foundation Inc reported income of $11.6m and spending of $3.7m, leaving 68% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.5m to $11.6m (+232%), an average of +35% a year. The sharpest change came in the year to September 2023, when income rose by 179%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington Medical Center Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Families Forward ($11.6m), Jewish Family Services of Washtenaw County Inc ($11.6m) and St Johns Volunteers ($11.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $16.4m against liabilities of $47k, net assets of $16.4m.