Lincoln Highway Heritage Corridor Inc

Analysis

Lincoln Highway Heritage Corridor Inc is a registered charity in United States, based in Latrobe, PA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Highway Heritage Corridor Inc reported income of $199k and spending of $329k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $332k to $199k (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 143% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lincoln Highway Heritage Corridor Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Elevate to Even Plus Incorporated ($199k), Polish American Medical Society ($199k) and Redding Fashion Alliance Incorporated ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 15% of the total. Other salaries and wages came to $123k. At year end it held assets of $2.2m against liabilities of $4,424, net assets of $2.2m. It reported 7 employees.

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.