Lincoln Hill Retirement Community

Analysis

Lincoln Hill Retirement Community is a registered charity in United States, based in Stanwood, WA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Lincoln Hill Retirement Community reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 6 years on record, from December 2019 to March 2024, income grew from $1.2m to $2.0m (+68%), an average of +11% a year. The sharpest change came in the year to March 2021, when income rose by 376%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lincoln Hill Retirement Community sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Ourbridge Inc ($2.0m), Heightened Independence and Progress Inc ($2.0m) and Prepare and Prosper ($2.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $903k. At year end it held assets of $2.2m against liabilities of $1.0m, net assets of $1.1m. It reported 45 employees.