Lexington Lions Club Endowment Inc

Analysis

Lexington Lions Club Endowment Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Lexington Lions Club Endowment Inc reported income of $233k and spending of $179k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $401k to $233k (-42%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lexington Lions Club Endowment Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include Urban Solutions Training and Development Corporation ($233k), Prime Community Housing and Development ($233k) and Main Street Martinsburg Inc ($233k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $3,000. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.