Lincoln Literacy Council

Analysis

Lincoln Literacy Council is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in September 1993, 33 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 December 2023, Lincoln Literacy Council reported income of $3.3m and spending of $1.3m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $623k to $3.3m (+422%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln Literacy Council sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within NE. Charities of a similar size with the same main cause include Western Oregon University Development Foundation ($3.3m), East Bay School for Boys ($3.3m) and North County Charter School Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $97k (7.2% of expenses). Other salaries and wages came to $707k. At year end it held assets of $3.0m against liabilities of $85k, net assets of $3.0m. It reported 54 employees.