Lindenwood Education System

Analysis

Lindenwood Education System is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in July 1981, 45 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, Lindenwood Education System reported income of $137.7m and spending of $172.1m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $177.1m to $137.7m (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lindenwood Education System sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Highlands Adult & Community Charter School ($137.4m), Willamette University ($137.8m) and West Virginia Univ Foundation Inc ($137.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $3.5m (2.0% of expenses). Other salaries and wages came to $52.7m. At year end it held assets of $440.1m against liabilities of $52.4m, net assets of $387.7m. It reported 1,802 employees.

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.