Lexington Foundation
EIN: 640912814 · Lexington, MS · NTEE: T20
Is Lexington Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lexington Foundation
Lexington Foundation (EIN: 640912814) is a nonprofit organization based in Lexington, MS, classified under NTEE code T20. The organization reported total revenue of $130K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lexington Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lexington Foundation is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $140K |
| Total Expenses | $210K |
| Surplus / Deficit | $-69,665 |
| Total Assets | $1.4M |
| Total Liabilities | $300 |
| Net Assets | $1.4M |
| Operating Margin | -49.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 80.9 months |
Financial Health Grade: B
In 2023, Lexington Foundation reported a deficit of $70K with expenses exceeding revenue, holds 80.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Lexington Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +68.4% | +68.2% | -4.7% |
| 2022 | +39.6% | -9.4% | -2.7% |
| 2021 | -88.0% | +28.3% | -4.9% |
| 2020 | +360.9% | -11.8% | +29.7% |
| 2019 | -55.7% | -63.4% | -28.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lexington Foundation 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 Foundation 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 $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Lexington Foundation
Is Lexington Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lexington Foundation (EIN: 640912814) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lexington Foundation spend its money?
Detailed spending breakdown data is not yet available for Lexington Foundation. Check back for updated IRS 990 analysis.
Are donations to Lexington Foundation tax-deductible?
Lexington Foundation is registered as a tax-exempt nonprofit (EIN: 640912814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Lexington Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lexington Foundation's revenue has grown by 24.9%, moving from $112K to $140K. Total assets increased by 20.3% over the same period, from $1.2M to $1.4M. Total functional expenses fell by 1.2%, from $212K to $210K. In its most recent filing year (2023), Lexington Foundation reported a deficit of $70K, with expenses exceeding revenue. The organization holds $300 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $140K | $210K | $1.4M | $300 | — | View 990 |
| 2022 | $83K | $125K | $1.5M | $298 | — | View 990 |
| 2021 | $59K | $137K | $1.5M | $299 | — | View 990 |
| 2020 | $495K | $107K | $1.6M | $299 | — | — |
| 2019 | $107K | $121K | $1.2M | $22K | — | View 990 |
| 2015 | $242K | $332K | $1.7M | $0 | — | View 990 |
| 2014 | $126K | $377K | $1.8M | $0 | — | View 990 |
| 2013 | $918K | $276K | $2.4M | $1 | — | View 990 |
| 2012 | $294K | $262K | $1.2M | $20 | — | View 990 |
| 2011 | $112K | $212K | $1.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $140K, expenses of $210K, and assets of $1.4M (revenue +68.4% year-over-year).
- 2022: Revenue of $83K, expenses of $125K, and assets of $1.5M (revenue +39.6% year-over-year).
- 2021: Revenue of $59K, expenses of $137K, and assets of $1.5M (revenue -88.0% year-over-year).
- 2020: Revenue of $495K, expenses of $107K, and assets of $1.6M (revenue +360.9% year-over-year).
- 2019: Revenue of $107K, expenses of $121K, and assets of $1.2M (revenue -55.7% year-over-year).
- 2015: Revenue of $242K, expenses of $332K, and assets of $1.7M (revenue +92.2% year-over-year).
- 2014: Revenue of $126K, expenses of $377K, and assets of $1.8M (revenue -86.3% year-over-year).
- 2013: Revenue of $918K, expenses of $276K, and assets of $2.4M (revenue +212.5% year-over-year).
- 2012: Revenue of $294K, expenses of $262K, and assets of $1.2M (revenue +162.4% year-over-year).
- 2011: Revenue of $112K, expenses of $212K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Lexington Foundation 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.