Lincoln County Economic Development Foundation

Analysis

Lincoln County Economic Development Foundation is a registered charity in United States, based in Lincoln, KS. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 County Economic Development Foundation reported income of $223k and spending of $247k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $223k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lincoln County Economic Development Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KS. Charities of a similar size with the same main cause include Downtown Janesville Inc ($223k), Brotherhood for the Fallen - Fort Worth TX ($223k) and D M a Plaza Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $61k (25% of expenses). Other salaries and wages came to $66k. At year end it held assets of $819k against liabilities of $71k, net assets of $748k. It reported 3 employees.