Lincoln Cultural Development Center Inc

Analysis

Lincoln Cultural Development Center Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in March 2024, 2 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 June 2023, Lincoln Cultural Development Center Inc reported income of $321k and spending of $321k, spending 100% of its income. Across the 4 years on record, from June 2018 to June 2023, income grew from $169k to $321k (+90%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 118% 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 Cultural Development Center Inc 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 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include 11 11 a Creative Collective ($321k), Bartlesville Symphony Orchestra Association Inc ($321k) and Mishpachah Inc ($321k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $99k. At year end it held assets of $472k against liabilities of $3,721, net assets of $468k. It reported 8 employees.