General Alumni Association of Lincoln University

Analysis

General Alumni Association of Lincoln University is a registered charity in United States, based in Chadds Ford, PA. It received its IRS tax-exemption ruling in September 1971, 55 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 2024, General Alumni Association of Lincoln University reported income of $129k and spending of $151k, spending 117% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $89k to $129k (+45%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 45%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, General Alumni Association of Lincoln University sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within PA. Charities of a similar size with the same main cause include PTA Georgia Congress ($129k), Lenox Charitable Fund Inc ($129k) and Riding Institute for Disabled Equestrians Inc ($129k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 76% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.

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.