Linacre Inc

Analysis

Linacre Inc is a registered charity in United States, based in Magnolia, TX. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Linacre Inc reported income of $1.5m and spending of $1.2m, leaving 20% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $365k to $1.5m (+298%), an average of +32% a year. The sharpest change came in the year to December 2019, when income rose by 137%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Linacre Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Children of Vietnam ($1.4m), American Friends of the Jewish Campus Berlin Inc ($1.5m) and One Hope for Vietnam ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $9,000. At year end it held assets of $1.6m against liabilities of $101k, net assets of $1.5m. It reported 2 employees.