Lincoln Academy Incorporated

Analysis

Lincoln Academy Incorporated is a registered charity in United States, based in Pleasant GRV, UT. It received its IRS tax-exemption ruling in July 2006, 20 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lincoln Academy Incorporated reported income of $9.7m and spending of $9.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $9.7m (+36%), an average of +7.9% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Academy Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include California Association for Bilingual Education ($9.7m), Nightlight Christian Adoptions ($9.7m) and The Jewish Federation of Greater New Haven Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $139k (1.5% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $18.2m against liabilities of $13.2m, net assets of $5.1m. It reported 170 employees.