Lincoln Home

Analysis

Lincoln Home is a registered charity in United States, based in Newcastle, ME. It received its IRS tax-exemption ruling in December 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Lincoln Home reported income of $4.0m and spending of $5.0m, spending 123% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.5m to $4.0m (+15%), an average of +3.6% a year. The sharpest change came in the year to July 2021, when income rose by 32%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lincoln Home sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Washita Valley Community Action Council ($4.0m), Palcare ($4.0m) and Paths to Independence Inc ($4.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.3% and program service revenue 105% of the total. Compensation of current officers, directors and key employees was $129k (2.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $8.3m against liabilities of $5.3m, net assets of $3.0m. It reported 126 employees.