President Lincolns Cottage at the Soldiers Home

Analysis

President Lincolns Cottage at the Soldiers Home is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, President Lincolns Cottage at the Soldiers Home reported income of $1.5m and spending of $1.8m, spending 127% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.8m to $1.5m (-19%), an average of -4.1% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, President Lincolns Cottage at the Soldiers Home sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 61st percentile within DC. Charities of a similar size with the same main cause include Go Workshop ($1.5m), Gamble House Conservancy ($1.5m) and Downtown Toledo Development Corporation ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $212k (12% of expenses). Other salaries and wages came to $847k. At year end it held assets of $1.5m against liabilities of $204k, net assets of $1.3m. It reported 34 employees.