Backers of Lexington Debate Inc

Analysis

Backers of Lexington Debate Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Backers of Lexington Debate Inc reported income of $172k and spending of $201k, spending 117% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $128k to $172k (+34%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Backers of Lexington Debate Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Venture International Academy ($172k), Kings Music Association ($172k) and Arin Excellence Foundation ($172k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 42% of the total. At year end it held assets of $291k against liabilities of $18k, net assets of $273k.