Lexington Christian Academy Inc

Analysis

Lexington Christian Academy Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Lexington Christian Academy Inc reported income of $18.2m and spending of $16.2m, spending 89% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $15.3m to $18.2m (+19%), an average of +4.5% a year. The sharpest change came in the year to May 2022, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lexington Christian Academy 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 97th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Villa Esperanza Services ($18.2m), Calumet College ($18.2m) and Morris College ($18.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 7.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $239k (1.5% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $40.2m against liabilities of $21.7m, net assets of $18.5m. It reported 375 employees.