Lexington Home Ownership Commission II Inc

Analysis

Lexington Home Ownership Commission II Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Lexington Home Ownership Commission II Inc reported income of $415k and spending of $581k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $392k to $415k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 183% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lexington Home Ownership Commission II Inc sits at the 53rd percentile: it is larger than about 53% 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 Morningstar Senior Living Foundation ($415k), 1130 College Avenue Housing Development Fund Corporation ($415k) and Senior Affordable Housing Corp No 1 ($415k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 76% of the total. At year end it held assets of $9.7m against liabilities of $323k, net assets of $9.3m.