Lincoln Depot Foundation

Analysis

Lincoln Depot Foundation is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in July 2010, 16 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, Lincoln Depot Foundation reported income of $60k and spending of $108k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $60k (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 191% 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 Depot Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Sweet Adelines International ($60k), East Contia Costa Historical Society ($60k) and Maine Fiberarts ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.