Lexington Arts Council Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO PROMOTE AND SPONSOR PERFORMING ARTS AND CULTURAL ACTIVITIES IN OUR COMMUNITY AND SURROUNDING AREAS.
- Income
- $288,206
- Spending
- $180,388
- Spent on programs
- 100%
- Reserves
- 7.2 months of spending
- Largest source of income
- donations and private grants, 65%
- Employees
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 92 out of 100. Higher than 77% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 7.2 months of spending.
Debt
20 of 20It owes 13% of what it owns.
Living within its means
15 of 15Income exceeded spending by 37% of income.
Spending floor
15 of 15100% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 59 out of 100. Higher than 28% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
25 of 2511 of 11 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $62,614 spent. FIRST ACCOMPLISHMENT BACH FESTIVAL - FOUR CONCERTS BRING NOTED CLASSICAL MUSICIANS ATTENDED BY MANY - FINANCED BY CORPORATE AND INDIVIDUAL SPONSORS ALONG WITH SMALL ADMISSION FEE
- $38,433 spent. MUSIC IN THE PARK - SERIES OF 9 FREE OUTDOOR CONCERTS COVERING A WIDE REPRESENTATION OF MUSICAL STYLES - AUDIENCES INCLUDE APPROXIMATELY 700 - 1,000 PEOPLE
- $51,901 spent. ARTS COUNCIL - PRINTING AND SALE OF LEXINGTON ARTS COUNCIL, INC COOKBOOK AND HOME TOURS TO RAISE SOME FUNDS FOR OUR OTHER PERFORMING AND VISUAL ARTS AND CULTURAL ACTIVITIES THAT WE PROVIDE IN OUR COMMUNITY.
- $27,440 spent. ANNUAL DINNER
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2001.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.