Lincoln Community Foundation Inc

Analysis

Lincoln Community Foundation Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in November 1959, 67 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Lincoln Community Foundation Inc reported income of $38.4m and spending of $27.7m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.1m to $38.4m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lincoln Community Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include Dagmar Dolby Fund ($38.3m), University of Louisville Real Estate Foundation ($38.5m) and Greater Hartford Community Foundation Inc ($38.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $678k (2.4% of expenses). Other salaries and wages came to $991k. At year end it held assets of $211.4m against liabilities of $10.3m, net assets of $201.0m. It reported 21 employees.