Lincoln Museum Inc

Analysis

Lincoln Museum Inc is a registered charity in United States, based in Hodgenville, KY. It received its IRS tax-exemption ruling in February 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lincoln Museum Inc reported income of $218k and spending of $136k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2020 to December 2023, income grew from $101k to $218k (+117%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 148%. Over the whole period it spent 63% 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 Museum Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Lone Star Film Society ($218k), Arts & Education at the Hoyt ($218k) and Bristol Trainstation Foundation ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $5,750 (4.2% of expenses). Other salaries and wages came to $57k. At year end it held assets of $838k against liabilities of $169k, net assets of $669k. It reported 5 employees.