Casa of Lexington Inc

Analysis

Casa of Lexington Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Casa of Lexington Inc reported income of $1.8m and spending of $986k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.8m (+75%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Casa of Lexington Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Living Independence for Everyone ($1.8m), Rebuilding Together Valley of the Sun Inc ($1.8m) and The Summit County Agricultural Society of Ohio ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $32k (3.2% of expenses). Other salaries and wages came to $514k. At year end it held assets of $4.4m against liabilities of $10k, net assets of $4.4m. It reported 15 employees.