Lexington History Museum Inc

Analysis

Lexington History Museum Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Lexington History Museum Inc reported income of $365k and spending of $392k, spending 107% of what it took in. Across the 6 years on record, from December 2019 to June 2024, income grew from $92k to $365k (+298%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 820%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lexington History Museum Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within KY. Charities of a similar size with the same main cause include Society for Cultural Exchange Inc ($365k), Prime Stage ($365k) and Fairhope Educational Enrichment Foundation Inc ($365k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $85k (22% of expenses). Other salaries and wages came to $40k. At year end it held assets of $45k against liabilities of $3,733, net assets of $42k. It reported 2 employees.