Lincoln Arts Council

Analysis

Lincoln Arts Council is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 1968, 58 years ago. 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 October 2023, Lincoln Arts Council reported income of $593k and spending of $774k, spending 130% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $426k to $593k (+39%), an average of +8.6% a year. The sharpest change came in the year to October 2022, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Arts Council sits at the 71st percentile: it is larger than about 71% 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 Friendship Center Inc ($593k), Helping Hands Against Violence Inc ($593k) and Community Fund of Bronxville Eastchester Tuckahoe Inc ($593k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 48% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $80k (10% of expenses). Other salaries and wages came to $237k. At year end it held assets of $382k against liabilities of $25k, net assets of $357k. It reported 8 employees.