School of Lexia

Analysis

School of Lexia is a registered charity in United States, based in Mansfield, TX. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, School of Lexia reported income of $395k and spending of $354k, spending 89% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $254k to $395k (+55%), an average of +25% a year. The sharpest change came in the year to August 2022, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, School of Lexia sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Stepping Higher Inc ($395k), Rotary Club of Lake Minnetonka - Excelsior ($395k) and Aamva Region II Inc ($395k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $123k (35% of expenses). Other salaries and wages came to $113k. At year end it held assets of $215k against liabilities of $5,143, net assets of $210k. It reported 14 employees.