Lincoln Charter School Inc

Analysis

Lincoln Charter School Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lincoln Charter School Inc reported income of $23.3m and spending of $22.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.8m to $23.3m (+39%), an average of +8.6% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln Charter School Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Stillman College ($23.3m), Reuben McMillan Free Library Association ($23.3m) and Alta Public Schools ($23.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $395k (1.8% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $11.1m against liabilities of $614k, net assets of $10.5m. It reported 414 employees.