Lincoln Learning Solutions Inc

Analysis

Lincoln Learning Solutions Inc is a registered charity in United States, based in Aliquippa, PA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Lincoln Learning Solutions Inc reported income of $17.3m and spending of $22.3m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.4m to $17.3m (-35%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln Learning Solutions Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include South Valley Charter School ($17.3m), Watershed Agricultural Council of the New York City Watersheds Inc ($17.3m) and The International School of Louisiana ($17.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 54% of the total. Compensation of current officers, directors and key employees was $1.4m (6.5% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $67.5m against liabilities of $1.3m, net assets of $66.2m. It reported 255 employees.