Lincoln Library Foundation

Analysis

Lincoln Library Foundation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in December 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lincoln Library Foundation reported income of $81k and spending of $111k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $115k to $81k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income rose by 340%. Over the whole period it spent 148% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Library Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include English Center ($81k), Riggs Institute & Prepartory ($81k) and Options Housing Alternatives Incorporated ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.

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.