Lexington Health Inc

Analysis

Lexington Health Inc is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lexington Health Inc reported income of $1.56bn and spending of $1.50bn, spending 97% of its income. The sharpest change came in the year to September 2022, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lexington Health Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within SC. Charities of a similar size with the same main cause include The Queens Medical Center ($1.56bn), Childrens Hospital ($1.56bn) and Hennepin Healthcare System Inc ($1.55bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $16.0m (1.1% of expenses). Other salaries and wages came to $664.0m. At year end it held assets of $2.04bn against liabilities of $761.8m, net assets of $1.28bn. It reported 4,002 employees.