Lincoln Theatre Center Foundation

Analysis

Lincoln Theatre Center Foundation is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 June 2023, Lincoln Theatre Center Foundation reported income of $1.9m and spending of $1.5m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $966k to $1.9m (+96%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Theatre Center Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Historical Society of Washington DC ($1.9m), Mel Fisher Maritime Heritage Society Inc ($1.9m) and Neighborhood Health Care Network ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $75k (4.9% of expenses). Other salaries and wages came to $329k. At year end it held assets of $1.3m against liabilities of $25k, net assets of $1.3m. It reported 13 employees.