Lincoln County Historical Association Inc

Analysis

Lincoln County Historical Association Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in November 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lincoln County Historical Association Inc reported income of $276k and spending of $56k, leaving 80% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $417k to $276k (-34%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln County Historical Association Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Casa de Shanti ($276k), National Acupuncture Detoxification Association Inc ($277k) and Trinity United Methodist Church Foundation Inc ($276k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.