Lexington Singers Inc

Analysis

Lexington Singers Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in October 1972, 54 years ago. 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 June 2024, Lexington Singers Inc reported income of $135k and spending of $144k, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $169k to $135k (-20%), an average of -4.4% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington Singers Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within KY. Charities of a similar size with the same main cause include New College for Advanced Christian Studies ($135k), Neptune Steam Fire Company No I ($135k) and Keren Chesed Asher Yaakow ($135k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 34% of the total. Other salaries and wages came to $76k. At year end it held assets of $183k against liabilities of $0, net assets of $183k. It reported 11 employees.