Lewis Memorial Inc

Analysis

Lewis Memorial Inc is a registered charity in United States, based in Franklin, KY. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lewis Memorial Inc reported income of $735k and spending of $1.4m, spending 192% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $968k to $735k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2020, when income rose by 218%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lewis Memorial Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Naas Welfare Foundation Inc ($735k), Jewish Family Services of WNC Inc ($735k) and Hope for the Inner City Inc ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 89% of the total. Other salaries and wages came to $649k. At year end it held assets of $6.7m against liabilities of $5.8m, net assets of $832k. It reported 35 employees.

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.