Lexington Observer INC
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Reports on local government, education, and culture to boost community understanding and participation. For fiscal year 2024 it reported $4.0M in revenue, $5.0M in expenses, and $164K in net assets.Pt I
Summary of the Filing
Where the work happens
Local News Hub
The local news hub's (LNH) mission is to support the essential work of local and independent news organizations across the country by providing consultations and advice, distributing grants, and acting as a fiscal sponsor.
Lexington Observer
Started by lexington residents in 2021, the lexington observer is a nonprofit digital newsroom devoted to reporting on issues that matter most to people in our diverse community, including education, culture, housing, economy, and environmental issues.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Nicholas Mele’s $224K as Chair is at the 89th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 99% | — | — |
| Overhead ratio | 1% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 133% | — | — |
| Accounting fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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