Lincoln Park Academy Inc

Analysis

Lincoln Park Academy Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lincoln Park Academy Inc reported income of $5.8m and spending of $6.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $5.8m (+30%), an average of +6.8% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln Park Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Charthouse Public Schools ($5.8m), Allan Hancock College Auxiliary Programs Corporation ($5.8m) and Arbor Montessori School Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,375 (0.1% of expenses). At year end it held assets of $1.7m against liabilities of $3.9m, net assets of -$2.2m.