Educare of Lincoln Inc

Analysis

Educare of Lincoln Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in November 2013, 13 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 June 2023, Educare of Lincoln Inc reported income of $4.6m and spending of $4.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.6m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educare of Lincoln Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within NE. Charities of a similar size with the same main cause include Keren-Or Inc ($4.6m), Congregation Oros Bais Yaakov of Lakewood ($4.6m) and The Covenant School of Jacksonville Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $197k (4.7% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $10.2m against liabilities of $229k, net assets of $9.9m. It reported 83 employees.