Lexington Singers Inc
EIN: 616058015 · Lexington, KY
| Metric | Value |
|---|---|
| Total Revenue | $241K |
| Total Expenses | $144K |
| Net Assets | $183K |
Is Lexington Singers 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 Singers Inc
Lexington Singers Inc (EIN: 616058015) is a nonprofit organization based in Lexington, KY. The organization reported total revenue of $241K and total assets of $283K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lexington Singers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lexington Singers Inc is a small nonprofit that has been operating for 54 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $135K |
| Total Expenses | $144K |
| Surplus / Deficit | $-9,196 |
| Total Assets | $183K |
| Net Assets | $183K |
| Operating Margin | -6.8% |
| Months of Reserves | 15.3 months |
Financial Health Grade: B
In 2024, Lexington Singers Inc reported a deficit of $9K with expenses exceeding revenue, holds 15.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Lexington Singers Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -33.4% | +8.1% | -3.8% |
| 2023 | +34.1% | +14.7% | +66.3% |
| 2022 | +59.3% | +51.0% | +14.5% |
| 2021 | -24.7% | -34.3% | +33.7% |
| 2020 | -25.5% | -35.3% | +46.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lexington Singers 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 Singers 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
Frequently Asked Questions about Lexington Singers Inc
Is Lexington Singers Inc a legitimate charity?
Lexington Singers Inc (EIN: 616058015) is a registered tax-exempt nonprofit based in Kentucky. It has 14 years of IRS 990 filings on record. Total revenue: $241K. No red flags identified. Financial health grade: B.
How does Lexington Singers Inc spend its money?
Lexington Singers Inc reported $241K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lexington Singers Inc tax-deductible?
Lexington Singers Inc is registered as a tax-exempt nonprofit (EIN: 616058015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lexington Singers Inc located?
Lexington Singers Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 616058015.
How many years of IRS 990 filings does Lexington Singers Inc have?
Lexington Singers Inc has 14 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 $241K in total revenue.
Filing History
IRS 990 filing history for Lexington Singers Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Lexington Singers Inc's revenue has declined by 22.7%, moving from $174K to $135K. Total assets increased by 117.6% over the same period, from $84K to $183K. Total functional expenses fell by 21.2%, from $182K to $144K. In its most recent filing year (2024), Lexington Singers Inc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $135K | $144K | $183K | $0 | — | — |
| 2023 | $202K | $133K | $190K | $4K | — | View 990 |
| 2022 | $151K | $116K | $114K | $500 | — | View 990 |
| 2021 | $95K | $77K | $100K | $15K | — | View 990 |
| 2020 | $126K | $117K | $75K | $15K | — | View 990 |
| 2019 | $169K | $180K | $51K | $0 | — | View 990 |
| 2018 | $227K | $240K | $64K | $2K | — | View 990 |
| 2017 | $214K | $248K | $76K | $2K | — | View 990 |
| 2016 | $190K | $222K | $111K | $6K | — | View 990 |
| 2015 | $232K | $214K | $156K | $19K | — | View 990 |
| 2014 | $374K | $380K | $125K | $0 | — | View 990 |
| 2013 | $204K | $189K | $122K | $0 | — | View 990 |
| 2012 | $201K | $186K | $99K | $0 | — | View 990 |
| 2011 | $174K | $182K | $84K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $135K, expenses of $144K, and assets of $183K (revenue -33.4% year-over-year).
- 2023: Revenue of $202K, expenses of $133K, and assets of $190K (revenue +34.1% year-over-year).
- 2022: Revenue of $151K, expenses of $116K, and assets of $114K (revenue +59.3% year-over-year).
- 2021: Revenue of $95K, expenses of $77K, and assets of $100K (revenue -24.7% year-over-year).
- 2020: Revenue of $126K, expenses of $117K, and assets of $75K (revenue -25.5% year-over-year).
- 2019: Revenue of $169K, expenses of $180K, and assets of $51K (revenue -25.9% year-over-year).
- 2018: Revenue of $227K, expenses of $240K, and assets of $64K (revenue +6.3% year-over-year).
- 2017: Revenue of $214K, expenses of $248K, and assets of $76K (revenue +12.8% year-over-year).
- 2016: Revenue of $190K, expenses of $222K, and assets of $111K (revenue -18.3% year-over-year).
- 2015: Revenue of $232K, expenses of $214K, and assets of $156K (revenue -37.9% year-over-year).
- 2014: Revenue of $374K, expenses of $380K, and assets of $125K (revenue +83.0% year-over-year).
- 2013: Revenue of $204K, expenses of $189K, and assets of $122K (revenue +1.6% year-over-year).
- 2012: Revenue of $201K, expenses of $186K, and assets of $99K (revenue +15.7% year-over-year).
- 2011: Revenue of $174K, expenses of $182K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lexington Singers Inc:
Data Sources and Methodology
This transparency report for Lexington Singers 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.