Lincoln Orchestra Association

Analysis

Lincoln Orchestra Association is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Lincoln Orchestra Association reported income of $1.2m and spending of $1.4m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.2m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lincoln Orchestra Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include Apple Hill Center for Chamber Music Inc ($1.2m), Centro Unido Latino Americano ($1.2m) and Junk for Joy Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $207k (15% of expenses). Other salaries and wages came to $612k. At year end it held assets of $241k against liabilities of $103k, net assets of $139k. It reported 149 employees.