Friends of Lincolnville Inc

Analysis

Friends of Lincolnville Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Friends of Lincolnville Inc reported income of $305k and spending of $272k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $305k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 313%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Lincolnville Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Jackson County Historical Society ($305k), Greater Newburgh Symphony Orchestra Corp ($305k) and Kindred Arts Inc ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $43k (16% of expenses). Other salaries and wages came to $76k. At year end it held assets of $850k against liabilities of $139, net assets of $850k. It reported 3 employees.