Lexington Community Band
EIN: 473001549 · Lexington, SC · NTEE: A6C
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $3K |
| Net Assets | $3K |
Is Lexington Community Band Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lexington Community Band
Lexington Community Band (EIN: 473001549) is a nonprofit organization based in Lexington, SC, classified under NTEE code A6C. The organization reported total revenue of $3K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lexington Community Band's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lexington Community Band is a micro nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $3K |
| Surplus / Deficit | +$119 |
| Total Assets | $3K |
| Total Liabilities | $1 |
| Net Assets | $3K |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2023, Lexington Community Band reported a surplus of $119 with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Lexington Community Band's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +97.7% | +50.5% | +3.8% |
| 2022 | +45.1% | — | -11.4% |
| 2021 | +123.2% | -100.0% | +42.7% |
| 2020 | -86.5% | -73.1% | +112.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lexington Community Band 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 Community Band 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 surplus of $119, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Lexington Community Band
Is Lexington Community Band a legitimate charity?
Based on AI analysis of IRS 990 filings, Lexington Community Band (EIN: 473001549) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lexington Community Band spend its money?
Detailed spending breakdown data is not yet available for Lexington Community Band. Check back for updated IRS 990 analysis.
Are donations to Lexington Community Band tax-deductible?
Lexington Community Band is registered as a tax-exempt nonprofit (EIN: 473001549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lexington Community Band located?
Lexington Community Band is headquartered in Lexington, South Carolina and files with the IRS under EIN 473001549. It is classified under NTEE code A6C.
How many years of IRS 990 filings does Lexington Community Band have?
Lexington Community Band has 5 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 $3K in total revenue.
Filing History
IRS 990 filing history for Lexington Community Band showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Lexington Community Band's revenue has declined by 13.6%, moving from $4K to $3K. Total assets increased by 178.7% over the same period, from $1K to $3K. Total functional expenses fell by 18.2%, from $4K to $3K. In its most recent filing year (2023), Lexington Community Band reported a surplus of $119, with revenue exceeding expenses. The organization holds $1 in liabilities against $3K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $3K | $3K | $1 | — | — |
| 2022 | $2K | $2K | $3K | $1 | — | View 990 |
| 2021 | $1K | $0 | $4K | $1 | — | View 990 |
| 2020 | $475 | $960 | $2K | $1 | — | View 990 |
| 2019 | $4K | $4K | $1K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $3K, and assets of $3K (revenue +97.7% year-over-year).
- 2022: Revenue of $2K, expenses of $2K, and assets of $3K (revenue +45.1% year-over-year).
- 2021: Revenue of $1K, expenses of $0, and assets of $4K (revenue +123.2% year-over-year).
- 2020: Revenue of $475, expenses of $960, and assets of $2K (revenue -86.5% year-over-year).
- 2019: Revenue of $4K, expenses of $4K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lexington Community Band:
Data Sources and Methodology
This transparency report for Lexington Community Band 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.