Quick charity verification for Lexington Foundation Inc (EIN: 141689110)
Verdict: Lexington Foundation Inc appears trustworthy
90/100Mission Score
$8.6MRevenue
$19.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $9.4M in 2014 to $17.1M in 2023.
0% officer compensation reported across all filings, indicating high efficiency.
Healthy financial reserves with assets significantly exceeding liabilities.
Positive revenue trends, with substantial increases in recent years.
Expenses generally managed below revenue, leading to financial surpluses and growth.
Spending Breakdown
How Lexington Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lexington Foundation Inc
Is Lexington Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lexington Foundation Inc (EIN: 141689110) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Lexington Foundation Inc a good charity to donate to?
Lexington Foundation Inc has a Mission Score of 90/100. Revenue: $8.6M. Assets: $19.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lexington Foundation Inc?
The Employer Identification Number (EIN) for Lexington Foundation Inc is 141689110. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lexington Foundation Inc spend its money?
Lexington Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lexington Foundation Inc's tax-exempt status?
You can verify Lexington Foundation Inc's tax-exempt status using EIN 141689110 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Lexington Foundation Inc. demonstrates a consistent pattern of financial growth and stability over the past decade, with assets growing from $9.4 million in 2014 to over $17 million in 2023. The organization's revenue has also shown significant increases, particularly in recent years, reaching $2.04 million in 2023. A notable strength is the reported 0% officer compensation across all available filings, indicating that executive leadership is not drawing salaries from the foundation, which is a strong indicator of financial efficiency and dedication to mission. The foundation consistently maintains a healthy asset-to-liability ratio, suggesting good financial management and solvency.
While the provided data does not detail the breakdown of expenses into program, administrative, and fundraising categories, the overall expense management appears sound, with expenses generally staying below revenue, allowing for asset growth. For instance, in 2023, expenses were $1,965,559 against revenues of $2,040,373, resulting in a surplus. The lack of detailed expense categorization in the provided summary is a minor transparency limitation, as it prevents a precise assessment of spending efficiency across different operational areas.
Overall, Lexington Foundation Inc. appears to be a financially healthy and well-managed organization. Its consistent asset growth, positive revenue trends, and the absence of officer compensation suggest a strong commitment to its mission and efficient use of resources. Further detailed expense breakdowns would enhance transparency and allow for a more granular analysis of program delivery efficiency.