Lincoln University

Analysis

Lincoln University is a registered charity in United States, based in Lincoln, IL. It received its IRS tax-exemption ruling in October 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lincoln University reported income of $2.5m and spending of $6.0m, spending 240% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.9m to $2.5m (-89%), an average of -42% a year. The sharpest change came in the year to June 2023, when income dropped by 93%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln University sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Friends of Beloved Community Charter School 2 Inc ($2.5m), North Carolina Black Alliance Inc ($2.5m) and Tooney Town Early Learning Center Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% of the total. Compensation of current officers, directors and key employees was $413k (6.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $39.5m against liabilities of $1.5m, net assets of $38.1m. It reported 490 employees.