Friends of Lincoln Inc

Analysis

Friends of Lincoln Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 August 2024, Friends of Lincoln Inc reported income of $529k and spending of $1.0m, spending 191% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $648k to $529k (-18%), an average of -3.9% a year. The sharpest change came in the year to August 2022, when income rose by 40%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Lincoln Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Textile Conservation Workshop Inc ($529k), Alabama Nurses Foundation Inc ($529k) and Georgia Police K9 Foundation Inc ($529k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $376k against liabilities of $0, net assets of $376k.