Lincoln Foundation

Analysis

Lincoln Foundation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Foundation reported income of $1.5m and spending of $1.9m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include National Football League Alumni Inc ($1.5m), City Neighbors Foundation Inc ($1.5m) and Arthur Christian School ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $246k (13% of expenses). Other salaries and wages came to $718k. At year end it held assets of $12.6m against liabilities of $651k, net assets of $12.0m. It reported 30 employees.