Lincoln Center for the Performing Arts Inc

Analysis

Lincoln Center for the Performing Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1963, 63 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 June 2023, Lincoln Center for the Performing Arts Inc reported income of $235.1m and spending of $196.6m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $152.1m to $235.1m (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lincoln Center for the Performing Arts Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include The Aspen Institute Inc ($232.1m), Museum of Modern Art ($236.7m) and American Museum of Natural History ($228.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $7.9m (4.0% of expenses). Other salaries and wages came to $59.5m. It paid $28k in professional fundraising fees. At year end it held assets of $1.29bn against liabilities of $672.9m, net assets of $621.2m. It reported 1,555 employees.