Lincoln Academy Incorporated
Lincoln Academy Incorporated shows consistent revenue growth and maintains a stable asset base with no reported officer compensation.
EIN: 202344918 · Pleasant Grv, UT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.1M |
| Total Expenses | $9.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $5.1M |
| Transparency Score | 85/100 |
Is Lincoln Academy Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lincoln Academy Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lincoln Academy Incorporated
Lincoln Academy Incorporated (EIN: 202344918) is a nonprofit organization based in Pleasant Grv, UT. The organization reported total revenue of $11.1M and total assets of $18.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lincoln Academy Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lincoln Academy Incorporated is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.7M |
| Total Expenses | $9.1M |
| Surplus / Deficit | +$591K |
| Total Assets | $18.2M |
| Total Liabilities | $13.2M |
| Net Assets | $5.1M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 72.2% |
| Months of Reserves | 24.1 months |
Financial Health Grade: A
In 2023, Lincoln Academy Incorporated reported a surplus of $591K with revenue exceeding expenses, holds 24.1 months of operating reserves (strong position), has a debt-to-asset ratio of 72.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lincoln Academy Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +5.1% | +1.1% |
| 2022 | +9.6% | +15.5% | +0.2% |
| 2021 | +9.1% | +5.9% | -0.7% |
| 2020 | +6.8% | +7.3% | +1.0% |
| 2019 | +6.0% | +6.7% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lincoln Academy Incorporated with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Lincoln Academy Incorporated allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $591K, with revenue exceeding expenses.
- Debt-to-asset ratio: 72.2%.
Executive Compensation Analysis
Lincoln Academy Incorporated consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization with over $9 million in annual revenue and $18 million in assets. This suggests either a volunteer-led executive team, compensation structured outside of typical officer categories, or a unique operational model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lincoln Academy Incorporated's IRS 990 filings:
- Consistent 0% reported officer compensation for a large organization, which warrants further investigation into compensation practices.
- NTEE code is unknown, making it difficult to benchmark against similar organizations without knowing its specific programmatic focus.
Strengths
The following positive indicators were identified for Lincoln Academy Incorporated:
- Consistent revenue growth, increasing from $4.4 million in 2014 to $9.6 million in 2023.
- Maintains operational surpluses, with revenues consistently exceeding expenses in most years.
- Stable and growing asset base, reaching $18.2 million in 2023.
- Consistent IRS 990 filing history (13 filings), indicating good compliance and transparency.
- Decreasing trend in liabilities from $17.3 million in 2014 to $13.1 million in 2023.
Frequently Asked Questions about Lincoln Academy Incorporated
Is Lincoln Academy Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Lincoln Academy Incorporated (EIN: 202344918) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Lincoln Academy Incorporated spend its money?
Lincoln Academy Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lincoln Academy Incorporated tax-deductible?
Lincoln Academy Incorporated is registered as a tax-exempt nonprofit (EIN: 202344918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lincoln Academy Incorporated CEO make?
Lincoln Academy Incorporated's highest-compensated officer earns $9 annually. The organization reported $11.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lincoln Academy Incorporated's spending goes to programs?
Lincoln Academy Incorporated directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lincoln Academy Incorporated located?
Lincoln Academy Incorporated is headquartered in Pleasant Grv, Utah and files with the IRS under EIN 202344918.
How many years of IRS 990 filings does Lincoln Academy Incorporated have?
Lincoln Academy Incorporated has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.1M in total revenue.
How does Lincoln Academy Incorporated manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation on IRS Form 990s for an organization of this size (over $9 million in revenue) is highly unusual. It suggests that executive leadership may be entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently on the 990. Further inquiry into their compensation policies and organizational structure would be necessary to understand this.
What is the specific mission of Lincoln Academy Incorporated, and how effectively are funds directed towards it?
While the financial data shows consistent growth and surpluses, the NTEE code is unknown, and a detailed breakdown of program vs. administrative expenses is not provided in the summary. To assess mission effectiveness, one would need to review the organization's mission statement and a more granular breakdown of functional expenses from their full 990 filings to see how much is spent directly on programs.
What is the long-term strategy for managing liabilities, which were $13.1 million against $18.2 million in assets in 2023?
The organization has a significant level of liabilities, though they have been decreasing from a high of $17.3 million in 2014 to $13.1 million in 2023. While the asset base has grown, the liabilities still represent a substantial portion (approximately 72%) of total assets. Understanding the nature of these liabilities (e.g., mortgages, program-related debt) and the strategy for their reduction would be important for long-term financial health assessment.
Filing History
IRS 990 filing history for Lincoln Academy Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lincoln Academy Incorporated's revenue has grown by 137.8%, moving from $4.1M to $9.7M. Total assets increased by 60.4% over the same period, from $11.4M to $18.2M. Total functional expenses rose by 142.4%, from $3.7M to $9.1M. In its most recent filing year (2023), Lincoln Academy Incorporated reported a surplus of $591K, with revenue exceeding expenses. The organization holds $13.2M in liabilities against $18.2M in assets (debt-to-asset ratio: 72.2%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.7M | $9.1M | $18.2M | $13.2M | — | View 990 |
| 2022 | $9.1M | $8.6M | $18.0M | $13.6M | — | View 990 |
| 2021 | $8.3M | $7.5M | $18.0M | $14.0M | — | View 990 |
| 2020 | $7.6M | $7.1M | $18.1M | $14.4M | — | View 990 |
| 2019 | $7.1M | $6.6M | $17.9M | $14.8M | — | View 990 |
| 2018 | $6.7M | $6.2M | $17.6M | $15.0M | — | View 990 |
| 2017 | $6.4M | $6.0M | $17.3M | $15.2M | — | View 990 |
| 2016 | $5.9M | $5.6M | $17.1M | $15.4M | — | View 990 |
| 2015 | $5.5M | $5.2M | $17.1M | $15.8M | — | View 990 |
| 2014 | $4.4M | $4.6M | $18.4M | $17.4M | — | View 990 |
| 2013 | $4.1M | $3.8M | $11.4M | $9.8M | — | View 990 |
| 2012 | $4.0M | $3.8M | $11.4M | $10.1M | — | View 990 |
| 2011 | $4.1M | $3.7M | $11.4M | $10.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.7M, expenses of $9.1M, and assets of $18.2M (revenue +6.3% year-over-year).
- 2022: Revenue of $9.1M, expenses of $8.6M, and assets of $18.0M (revenue +9.6% year-over-year).
- 2021: Revenue of $8.3M, expenses of $7.5M, and assets of $18.0M (revenue +9.1% year-over-year).
- 2020: Revenue of $7.6M, expenses of $7.1M, and assets of $18.1M (revenue +6.8% year-over-year).
- 2019: Revenue of $7.1M, expenses of $6.6M, and assets of $17.9M (revenue +6.0% year-over-year).
- 2018: Revenue of $6.7M, expenses of $6.2M, and assets of $17.6M (revenue +5.8% year-over-year).
- 2017: Revenue of $6.4M, expenses of $6.0M, and assets of $17.3M (revenue +7.5% year-over-year).
- 2016: Revenue of $5.9M, expenses of $5.6M, and assets of $17.1M (revenue +7.3% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.2M, and assets of $17.1M (revenue +24.8% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.6M, and assets of $18.4M (revenue +7.3% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.8M, and assets of $11.4M (revenue +2.3% year-over-year).
- 2012: Revenue of $4.0M, expenses of $3.8M, and assets of $11.4M (revenue -1.0% year-over-year).
- 2011: Revenue of $4.1M, expenses of $3.7M, and assets of $11.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lincoln Academy Incorporated:
Data Sources and Methodology
This transparency report for Lincoln Academy Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.