Lexcollective

Analysis

Lexcollective is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Lexcollective reported income of $1.5m and spending of $1.3m, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $818k to $1.5m (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 88% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Lexcollective sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include American Relief Fund Inc ($1.5m), Hope Venture ($1.5m) and Home of Hope India-Us ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (6.1% of expenses). At year end it held assets of $492k against liabilities of $206k, net assets of $286k.