Lexington Community Land Trust Inc

Analysis

Lexington Community Land Trust Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 2013, 13 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 Community Land Trust Inc reported income of $211k and spending of $175k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $211k (-89%), an average of -42% a year. The sharpest change came in the year to June 2022, when income rose by 2268%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lexington Community Land Trust Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include The Donorsee Foundation ($211k), Nevada Rural Housing Inc ($211k) and Powell Boulevard Apartments Inc ($211k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.0% of the total. Other salaries and wages came to $106k. At year end it held assets of $2.4m against liabilities of $192k, net assets of $2.2m. It reported 2 employees.