Lincoln Theatre Inc

Analysis

Lincoln Theatre Inc is a registered charity in United States, based in Marion, VA. It received its IRS tax-exemption ruling in November 1988, 38 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 December 2023, Lincoln Theatre Inc reported income of $426k and spending of $487k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $426k (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 102% 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 Theatre Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Little Italy San Jose Foundation ($426k), Minnesota Masonic Historical Society and Museum ($426k) and International Foundation for Autonomous Agents & Multiagent Sys ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $62k (13% of expenses). Other salaries and wages came to $37k. At year end it held assets of $1.3m against liabilities of $79k, net assets of $1.2m. It reported 12 employees.