Lexrap Corp

Analysis

Lexrap Corp is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Lexrap Corp reported income of $122k and spending of $104k, spending 85% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $129k to $122k (-5.7%), an average of -5.7% a year. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lexrap Corp sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Climb-Up Inc ($122k), People Caring for the Community Inc ($122k) and Be a Bookworm ($122k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.