Lexington Foundation Inc
Lexington Foundation Inc. shows consistent asset growth and no officer compensation over a decade.
EIN: 141689110 · Johnstown, NY · NTEE: P82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.6M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| Net Assets | $14.5M |
| Transparency Score | 90/100 |
Is Lexington Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lexington Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lexington Foundation Inc
Lexington Foundation Inc (EIN: 141689110) is a nonprofit organization based in Johnstown, NY, classified under NTEE code P82Z. The organization reported total revenue of $8.6M and total assets of $19.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lexington Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lexington Foundation Inc is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$75K |
| Total Assets | $17.1M |
| Total Liabilities | $2.6M |
| Net Assets | $14.5M |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 15.0% |
| Months of Reserves | 104.5 months |
Financial Health Grade: A
In 2023, Lexington Foundation Inc reported a surplus of $75K with revenue exceeding expenses, holds 104.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lexington Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.8% | +82.2% | +13.8% |
| 2022 | +40.0% | -32.2% | -1.7% |
| 2021 | +51.7% | +28.7% | +11.8% |
| 2020 | -1.6% | -2.0% | +6.7% |
| 2019 | +7.9% | +6.7% | +16.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lexington Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lexington Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.0%.
Executive Compensation Analysis
Lexington Foundation Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is a highly positive indicator of financial efficiency and dedication to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Lexington Foundation Inc:
- 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.
Frequently Asked Questions about Lexington Foundation Inc
Is Lexington Foundation Inc a legitimate charity?
Lexington Foundation Inc (EIN: 141689110) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Lexington Foundation Inc spend its money?
Lexington Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lexington Foundation Inc tax-deductible?
Lexington Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141689110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lexington Foundation Inc's spending goes to programs?
Lexington Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lexington Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lexington Foundation Inc is above average for NTEE category P82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lexington Foundation Inc located?
Lexington Foundation Inc is headquartered in Johnstown, New York and files with the IRS under EIN 141689110. It is classified under NTEE code P82Z.
How many years of IRS 990 filings does Lexington Foundation Inc have?
Lexington Foundation 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 $8.6M in total revenue.
Is Lexington Foundation Inc. financially stable?
Yes, the foundation demonstrates strong financial stability, with assets growing from $9.4 million in 2014 to $17.1 million in 2023, and liabilities consistently well-managed relative to assets.
Does Lexington Foundation Inc. pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that executives do not receive salaries from the foundation.
How has the foundation's revenue trended over time?
The foundation's revenue has shown significant growth, increasing from $297,067 in 2014 to $2,040,373 in 2023, with a peak of $2,904,446 in 2022.
What is the organization's asset-to-liability ratio?
The organization consistently maintains a healthy asset-to-liability ratio. For example, in 2023, assets were $17,112,555 against liabilities of $2,563,724, indicating strong solvency.
Filing History
IRS 990 filing history for Lexington Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lexington Foundation Inc's revenue has grown by 299.1%, moving from $511K to $2.0M. Total assets increased by 107.9% over the same period, from $8.2M to $17.1M. Total functional expenses rose by 3992.3%, from $48K to $2.0M. In its most recent filing year (2023), Lexington Foundation Inc reported a surplus of $75K, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $17.1M in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $14.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.0M | $17.1M | $2.6M | — | — |
| 2022 | $2.9M | $1.1M | $15.0M | $2.0M | — | View 990 |
| 2021 | $2.1M | $1.6M | $15.3M | $2.1M | — | View 990 |
| 2020 | $1.4M | $1.2M | $13.7M | $1.6M | — | View 990 |
| 2019 | $1.4M | $1.3M | $12.8M | $1.7M | — | View 990 |
| 2018 | $1.3M | $1.2M | $11.0M | $1.4M | — | View 990 |
| 2017 | $1.6M | $975K | $11.7M | $1.3M | — | — |
| 2016 | $846K | $983K | $10.9M | $1.3M | — | View 990 |
| 2015 | $1.3M | $993K | $10.9M | $1.4M | — | View 990 |
| 2014 | $297K | $215K | $9.4M | $31K | — | View 990 |
| 2013 | $491K | $122K | $9.2M | $21K | — | View 990 |
| 2012 | $613K | $121K | $8.9M | $42K | — | View 990 |
| 2011 | $511K | $48K | $8.2M | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.0M, and assets of $17.1M (revenue -29.8% year-over-year).
- 2022: Revenue of $2.9M, expenses of $1.1M, and assets of $15.0M (revenue +40.0% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.6M, and assets of $15.3M (revenue +51.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $13.7M (revenue -1.6% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $12.8M (revenue +7.9% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $11.0M (revenue -17.1% year-over-year).
- 2017: Revenue of $1.6M, expenses of $975K, and assets of $11.7M (revenue +83.7% year-over-year).
- 2016: Revenue of $846K, expenses of $983K, and assets of $10.9M (revenue -34.9% year-over-year).
- 2015: Revenue of $1.3M, expenses of $993K, and assets of $10.9M (revenue +337.7% year-over-year).
- 2014: Revenue of $297K, expenses of $215K, and assets of $9.4M (revenue -39.4% year-over-year).
- 2013: Revenue of $491K, expenses of $122K, and assets of $9.2M (revenue -20.0% year-over-year).
- 2012: Revenue of $613K, expenses of $121K, and assets of $8.9M (revenue +20.0% year-over-year).
- 2011: Revenue of $511K, expenses of $48K, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lexington Foundation Inc:
Data Sources and Methodology
This transparency report for Lexington Foundation 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.