Lincoln Academy of Illinois

Analysis

Lincoln Academy of Illinois is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in November 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Academy of Illinois reported income of $379k and spending of $392k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $402k to $379k (-5.7%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln Academy of Illinois sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Brewster Ladies Library Assn ($379k), Collegiate Pathways Inc ($379k) and Iota Phi Foundation of Pittsburgh Incorporated ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $65k (17% of expenses). Other salaries and wages came to $7,310. At year end it held assets of $1.5m against liabilities of $3,230, net assets of $1.5m. It reported 2 employees.