LX Ministries Inc

Analysis

LX Ministries Inc is a registered charity in United States, based in Lake Mary, FL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, LX Ministries Inc reported income of $185k and spending of $123k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $256k to $185k (-28%), an average of -15% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, LX Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Royal Ranch Church and Ministries Inc ($185k), Missio Global Ministries Inc ($185k) and New Hope Ministries ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $59k (48% of expenses). At year end it held assets of $136k against liabilities of $2,408, net assets of $134k. It reported 1 employees.