Lexington Arts Council Inc
EIN: 383614175 · Lexington, MI · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $288K |
| Total Expenses | $158K |
| Net Assets | $9K |
Is Lexington Arts Council Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lexington Arts Council Inc
Lexington Arts Council Inc (EIN: 383614175) is a nonprofit organization based in Lexington, MI, classified under NTEE code A68. The organization reported total revenue of $288K and total assets of $135K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lexington Arts Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lexington Arts Council Inc is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $153K |
| Total Expenses | $158K |
| Surplus / Deficit | $-5,267 |
| Total Assets | $9K |
| Net Assets | $9K |
| Operating Margin | -3.4% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2023, Lexington Arts Council Inc reported a deficit of $5K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Lexington Arts Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.7% | +18.3% | -61.4% |
| 2022 | +116.4% | +65.8% | -9.5% |
| 2021 | +106.5% | +358.3% | -47.8% |
| 2020 | -77.2% | -81.5% | +18.7% |
| 2019 | +53.5% | +5.5% | +147.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lexington Arts Council Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lexington Arts Council Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Lexington Arts Council Inc
Is Lexington Arts Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lexington Arts Council Inc (EIN: 383614175) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lexington Arts Council Inc spend its money?
Detailed spending breakdown data is not yet available for Lexington Arts Council Inc. Check back for updated IRS 990 analysis.
Are donations to Lexington Arts Council Inc tax-deductible?
Lexington Arts Council Inc is registered as a tax-exempt nonprofit (EIN: 383614175). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lexington Arts Council Inc located?
Lexington Arts Council Inc is headquartered in Lexington, Michigan and files with the IRS under EIN 383614175. It is classified under NTEE code A68.
How many years of IRS 990 filings does Lexington Arts Council Inc have?
Lexington Arts Council Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $288K in total revenue.
Filing History
IRS 990 filing history for Lexington Arts Council Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lexington Arts Council Inc's revenue has grown by 74.8%, moving from $87K to $153K. Total assets decreased by 54.7% over the same period, from $21K to $9K. Total functional expenses rose by 74.9%, from $90K to $158K. In its most recent filing year (2023), Lexington Arts Council Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $153K | $158K | $9K | $0 | — | — |
| 2022 | $122K | $134K | $24K | $10K | — | View 990 |
| 2021 | $56K | $81K | $27K | $0 | — | View 990 |
| 2020 | $27K | $18K | $51K | $0 | — | — |
| 2019 | $119K | $95K | $43K | $2K | — | View 990 |
| 2018 | $78K | $90K | $17K | $0 | — | View 990 |
| 2017 | $94K | $83K | $30K | $0 | — | View 990 |
| 2016 | $78K | $76K | $19K | $0 | — | View 990 |
| 2015 | $85K | $84K | $17K | $0 | — | View 990 |
| 2014 | $90K | $93K | $16K | $0 | — | View 990 |
| 2013 | $95K | $87K | $19K | $0 | — | View 990 |
| 2012 | $80K | $89K | $12K | $0 | — | View 990 |
| 2011 | $87K | $90K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $153K, expenses of $158K, and assets of $9K (revenue +25.7% year-over-year).
- 2022: Revenue of $122K, expenses of $134K, and assets of $24K (revenue +116.4% year-over-year).
- 2021: Revenue of $56K, expenses of $81K, and assets of $27K (revenue +106.5% year-over-year).
- 2020: Revenue of $27K, expenses of $18K, and assets of $51K (revenue -77.2% year-over-year).
- 2019: Revenue of $119K, expenses of $95K, and assets of $43K (revenue +53.5% year-over-year).
- 2018: Revenue of $78K, expenses of $90K, and assets of $17K (revenue -17.2% year-over-year).
- 2017: Revenue of $94K, expenses of $83K, and assets of $30K (revenue +20.0% year-over-year).
- 2016: Revenue of $78K, expenses of $76K, and assets of $19K (revenue -7.5% year-over-year).
- 2015: Revenue of $85K, expenses of $84K, and assets of $17K (revenue -5.6% year-over-year).
- 2014: Revenue of $90K, expenses of $93K, and assets of $16K (revenue -5.4% year-over-year).
- 2013: Revenue of $95K, expenses of $87K, and assets of $19K (revenue +17.9% year-over-year).
- 2012: Revenue of $80K, expenses of $89K, and assets of $12K (revenue -8.2% year-over-year).
- 2011: Revenue of $87K, expenses of $90K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lexington Arts Council Inc:
Data Sources and Methodology
This transparency report for Lexington Arts Council Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.