Lincoln Memorial University

Analysis

Lincoln Memorial University is a registered charity in United States, based in Harrogate, TN. It received its IRS tax-exemption ruling in April 1942, 84 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 Memorial University reported income of $225.1m and spending of $182.4m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $157.5m to $225.1m (+43%), an average of +9.3% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln Memorial University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Simmons University ($225.0m), Culinary Institute of America ($225.8m) and International Baccalaureate Organization ($224.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.7m (1.5% of expenses). Other salaries and wages came to $69.0m. At year end it held assets of $411.7m against liabilities of $129.9m, net assets of $281.8m. It reported 2,209 employees.