Lexington One School Facilities Corporation
Lexington One School Facilities Corporation consistently reduces liabilities while maintaining stable revenue and assets.
EIN: 203682952 · Lexington, SC · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| Net Assets | $30.8M |
| Transparency Score | 92/100 |
Is Lexington One School Facilities Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lexington One School Facilities Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lexington One School Facilities Corporation
Lexington One School Facilities Corporation (EIN: 203682952) is a nonprofit organization based in Lexington, SC, classified under NTEE code B11. The organization reported total revenue of $6.1M and total assets of $73.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lexington One School Facilities Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lexington One School Facilities Corporation is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$4.4M |
| Total Assets | $73.0M |
| Total Liabilities | $42.2M |
| Net Assets | $30.8M |
| Operating Margin | 73.2% |
| Debt-to-Asset Ratio | 57.8% |
| Months of Reserves | 539.3 months |
Financial Health Grade: A
In 2023, Lexington One School Facilities Corporation reported a surplus of $4.4M with revenue exceeding expenses, holds 539.3 months of operating reserves (strong position), has a debt-to-asset ratio of 57.8% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Lexington One School Facilities Corporation's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | -9.7% | +0.0% |
| 2022 | +-0.0% | -8.5% | +0.0% |
| 2021 | -0.1% | -7.5% | +0.0% |
| 2020 | -0.1% | -6.9% | +0.0% |
| 2019 | +0.0% | -5.9% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 One School Facilities Corporation with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Lexington One School Facilities Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $4.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.8%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through an external entity, which is a positive sign for donor confidence regarding executive pay.
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 One School Facilities Corporation:
- Consistent reduction in liabilities, from $80,630,000 in 2014 to $42,220,000 in 2023, demonstrating strong financial management.
- Stable and significant asset base of approximately $73,030,000, providing long-term financial security.
- 0% reported officer compensation across all filings, indicating efficient use of funds or volunteer leadership.
- Consistent revenue generation around $6 million annually in recent years, ensuring operational stability.
- High program spending efficiency, with expenses consistently well below revenue in recent years (e.g., $1.6M expenses on $6.0M revenue in 2023), suggesting effective resource allocation towards its mission.
Frequently Asked Questions about Lexington One School Facilities Corporation
Is Lexington One School Facilities Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lexington One School Facilities Corporation (EIN: 203682952) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Lexington One School Facilities Corporation spend its money?
Lexington One School Facilities Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lexington One School Facilities Corporation tax-deductible?
Lexington One School Facilities Corporation is registered as a tax-exempt nonprofit (EIN: 203682952). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lexington One School Facilities Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lexington One School Facilities Corporation is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lexington One School Facilities Corporation located?
Lexington One School Facilities Corporation is headquartered in Lexington, South Carolina and files with the IRS under EIN 203682952. It is classified under NTEE code B11.
How many years of IRS 990 filings does Lexington One School Facilities Corporation have?
Lexington One School Facilities Corporation has 12 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 $6.1M in total revenue.
What are the specific programs or facilities that Lexington One School Facilities Corporation supports?
Based on the NTEE code B11 (Elementary & Secondary Education Facilities) and the consistent financial activity, the organization likely focuses on the acquisition, construction, or maintenance of facilities for Lexington County School District One. The 990 filings would detail specific program service accomplishments.
How does the organization manage to have 0% officer compensation?
This could be due to several reasons: the board members are volunteers, the organization is managed by staff whose compensation is categorized under general expenses rather than officer compensation, or the management services are provided by an affiliated entity (e.g., the school district itself) and not directly reported as officer compensation on this specific 990.
What caused the significant revenue and expense fluctuations in 2014 and 2015?
The substantial increase in revenue and expenses in 2014 ($40.2M revenue, $43.5M expenses) and 2015 ($49.7M revenue, $53.6M expenses) compared to other years suggests major capital projects or financing activities occurred during those periods, likely related to large-scale facility construction or renovation projects.
Filing History
IRS 990 filing history for Lexington One School Facilities Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Lexington One School Facilities Corporation's revenue has declined by 12.4%, moving from $6.9M to $6.1M. Total assets decreased by 19.8% over the same period, from $91.1M to $73.0M. Total functional expenses fell by 76.5%, from $6.9M to $1.6M. In its most recent filing year (2023), Lexington One School Facilities Corporation reported a surplus of $4.4M, with revenue exceeding expenses. The organization holds $42.2M in liabilities against $73.0M in assets (debt-to-asset ratio: 57.8%), resulting in net assets of $30.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $1.6M | $73.0M | $42.2M | — | View 990 |
| 2022 | $6.1M | $1.8M | $73.0M | $46.7M | — | View 990 |
| 2021 | $6.1M | $2.0M | $73.0M | $50.9M | — | View 990 |
| 2020 | $6.1M | $2.1M | $73.0M | $55.0M | — | View 990 |
| 2019 | $6.1M | $2.3M | $73.0M | $59.0M | — | View 990 |
| 2018 | $6.1M | $2.4M | $73.0M | $62.8M | — | View 990 |
| 2017 | $6.1M | $2.6M | $73.0M | $66.4M | — | View 990 |
| 2016 | $5.7M | $2.7M | $73.0M | $70.0M | — | View 990 |
| 2015 | $49.7M | $53.6M | $73.0M | $73.0M | — | View 990 |
| 2014 | $40.2M | $43.6M | $84.6M | $80.6M | — | View 990 |
| 2013 | $7.3M | $6.9M | $88.8M | $81.5M | — | View 990 |
| 2012 | $6.9M | $6.9M | $91.1M | $84.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $1.6M, and assets of $73.0M (revenue -0.1% year-over-year).
- 2022: Revenue of $6.1M, expenses of $1.8M, and assets of $73.0M (revenue +-0.0% year-over-year).
- 2021: Revenue of $6.1M, expenses of $2.0M, and assets of $73.0M (revenue -0.1% year-over-year).
- 2020: Revenue of $6.1M, expenses of $2.1M, and assets of $73.0M (revenue -0.1% year-over-year).
- 2019: Revenue of $6.1M, expenses of $2.3M, and assets of $73.0M (revenue +0.0% year-over-year).
- 2018: Revenue of $6.1M, expenses of $2.4M, and assets of $73.0M (revenue +-0.0% year-over-year).
- 2017: Revenue of $6.1M, expenses of $2.6M, and assets of $73.0M (revenue +6.4% year-over-year).
- 2016: Revenue of $5.7M, expenses of $2.7M, and assets of $73.0M (revenue -88.5% year-over-year).
- 2015: Revenue of $49.7M, expenses of $53.6M, and assets of $73.0M (revenue +23.6% year-over-year).
- 2014: Revenue of $40.2M, expenses of $43.6M, and assets of $84.6M (revenue +449.6% year-over-year).
- 2013: Revenue of $7.3M, expenses of $6.9M, and assets of $88.8M (revenue +5.7% year-over-year).
- 2012: Revenue of $6.9M, expenses of $6.9M, and assets of $91.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lexington One School Facilities Corporation:
Data Sources and Methodology
This transparency report for Lexington One School Facilities Corporation 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.