Lexington Dolphins Inc

Analysis

Lexington Dolphins Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2024, Lexington Dolphins Inc reported income of $415k and spending of $399k, spending 96% of its income. Across the 6 years on record, from August 2019 to August 2024, income fell from $548k to $415k (-24%), an average of -5.4% a year. The sharpest change came in the year to August 2022, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lexington Dolphins Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Girls on the Run of the Grand Valley ($415k), Center Grove Bantam Football League Corporation ($415k) and Anaheim Futbol Club Inc ($415k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $58k (15% of expenses). Other salaries and wages came to $126k. At year end it held assets of $117k against liabilities of $12k, net assets of $105k. It reported 12 employees.