Lexington Writers Room

Analysis

Lexington Writers Room is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Lexington Writers Room reported income of $85k and spending of $104k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $117k to $85k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lexington Writers Room sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within KY. Charities of a similar size with the same main cause include Easton Charitable TR ($85k), Rockvale Writers Colony Inc ($85k) and Voorhees Theater Company a Non Profit Corporation ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $52k against liabilities of $1,575, net assets of $50k.