Lincoln Medical Education Partnership

Analysis

Lincoln Medical Education Partnership is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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 Medical Education Partnership reported income of $10.3m and spending of $10.1m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.1m to $10.3m (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Medical Education Partnership sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include Federal Defender Program Inc ($10.3m), Greene Acres Nursing Home Assc Inc ($10.3m) and TLC Transitional Living Communities ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $839k (8.3% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $10.3m against liabilities of $1.3m, net assets of $8.9m. It reported 81 employees.