Foundation for Lincoln City Libraries

Analysis

Foundation for Lincoln City Libraries is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in April 1956, 70 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Lincoln City Libraries reported income of $594k and spending of $368k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $360k to $594k (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Lincoln City Libraries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NE. Charities of a similar size with the same main cause include Allen Creek Preschool ($594k), Education Foundation of Teton Valley ($594k) and Native Alliance Against Violence Inc ($593k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. Compensation of current officers, directors and key employees was $80k (22% of expenses). Other salaries and wages came to $159. At year end it held assets of $5.1m against liabilities of $47k, net assets of $5.0m. It reported 1 employees.