Lincoln Library Inc

Analysis

Lincoln Library Inc is a registered charity in United States, based in Lincoln, VT. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lincoln Library Inc reported income of $171k and spending of $69k, leaving 60% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $52k to $171k (+231%), an average of +49% a year. The sharpest change came in the year to June 2021, when income rose by 197%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln Library Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 41st percentile within VT. Charities of a similar size with the same main cause include Michael James Jackson Foundation for Brewing and Distilling ($171k), Bellflower Band Boosters ($171k) and Miller Community Educational Foundation ($171k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $39k (57% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 2 employees.