Lincoln Hall

Analysis

Lincoln Hall is a registered charity in United States, based in Lincolndale, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Lincoln Hall reported income of $23.2m and spending of $21.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.0m to $23.2m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Hall sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Prescott College Inc ($23.2m), Nysarc Inc ($23.2m) and Woodstock Academy ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $315k (1.5% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $11.2m against liabilities of $7.5m, net assets of $3.7m. It reported 292 employees.