Lexington Rescue Mission Inc

Analysis

Lexington Rescue Mission Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 2001, 25 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 December 2023, Lexington Rescue Mission Inc reported income of $4.5m and spending of $3.3m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.5m (+117%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 99%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lexington Rescue Mission Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Brevard Alzheimers Foundation Inc ($4.5m), American Brotherhood for the Blind Dba Blind Children and Adults ($4.5m) and Childrens Aid Society of Alabama ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $108k (3.3% of expenses). Other salaries and wages came to $1.4m. It paid $232k in professional fundraising fees. At year end it held assets of $9.7m against liabilities of $3.0m, net assets of $6.7m. It reported 73 employees.