Lincoln Cultural Development Center Inc
EIN: 561437061 · Lincolnton, NC · NTEE: A60
| Metric | Value |
|---|---|
| Total Revenue | $369K |
| Total Expenses | $321K |
| Net Assets | $468K |
Is Lincoln Cultural Development Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lincoln Cultural Development Center Inc
Lincoln Cultural Development Center Inc (EIN: 561437061) is a nonprofit organization based in Lincolnton, NC, classified under NTEE code A60. The organization reported total revenue of $369K and total assets of $432K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lincoln Cultural Development Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lincoln Cultural Development Center Inc is a small nonprofit that has been operating for 2 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $321K |
| Total Expenses | $321K |
| Surplus / Deficit | +$442 |
| Total Assets | $472K |
| Total Liabilities | $4K |
| Net Assets | $468K |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 17.7 months |
Financial Health Grade: A
In 2023, Lincoln Cultural Development Center Inc reported a surplus of $442 with revenue exceeding expenses, holds 17.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Lincoln Cultural Development Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.3% | +28.1% | +0.6% |
| 2022 | +23.3% | +11.3% | -19.7% |
| 2019 | +2.6% | -6.5% | -8.2% |
| 2018 | +31.6% | +22.5% | -15.9% |
| 2016 | -8.9% | -18.5% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lincoln Cultural Development Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lincoln Cultural Development Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $442, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Frequently Asked Questions about Lincoln Cultural Development Center Inc
Is Lincoln Cultural Development Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lincoln Cultural Development Center Inc (EIN: 561437061) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lincoln Cultural Development Center Inc spend its money?
Detailed spending breakdown data is not yet available for Lincoln Cultural Development Center Inc. Check back for updated IRS 990 analysis.
Are donations to Lincoln Cultural Development Center Inc tax-deductible?
Lincoln Cultural Development Center Inc is registered as a tax-exempt nonprofit (EIN: 561437061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lincoln Cultural Development Center Inc located?
Lincoln Cultural Development Center Inc is headquartered in Lincolnton, North Carolina and files with the IRS under EIN 561437061. It is classified under NTEE code A60.
How many years of IRS 990 filings does Lincoln Cultural Development Center Inc have?
Lincoln Cultural Development Center Inc has 10 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 $369K in total revenue.
Filing History
IRS 990 filing history for Lincoln Cultural Development Center Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lincoln Cultural Development Center Inc's revenue has grown by 128%, moving from $141K to $321K. Total assets decreased by 48.7% over the same period, from $920K to $472K. Total functional expenses rose by 49.4%, from $215K to $321K. In its most recent filing year (2023), Lincoln Cultural Development Center Inc reported a surplus of $442, with revenue exceeding expenses. The organization holds $4K in liabilities against $472K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $468K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $321K | $321K | $472K | $4K | — | — |
| 2022 | $214K | $250K | $469K | $1K | — | View 990 |
| 2019 | $173K | $225K | $585K | $1K | — | — |
| 2018 | $169K | $241K | $637K | $2K | — | — |
| 2016 | $128K | $196K | $757K | $3K | — | View 990 |
| 2015 | $141K | $241K | $823K | $1K | — | View 990 |
| 2014 | $204K | $219K | $924K | $2K | — | View 990 |
| 2013 | $178K | $249K | $943K | $5K | — | View 990 |
| 2012 | $325K | $232K | $1.0M | $2K | — | View 990 |
| 2011 | $141K | $215K | $920K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $321K, expenses of $321K, and assets of $472K (revenue +50.3% year-over-year).
- 2022: Revenue of $214K, expenses of $250K, and assets of $469K (revenue +23.3% year-over-year).
- 2019: Revenue of $173K, expenses of $225K, and assets of $585K (revenue +2.6% year-over-year).
- 2018: Revenue of $169K, expenses of $241K, and assets of $637K (revenue +31.6% year-over-year).
- 2016: Revenue of $128K, expenses of $196K, and assets of $757K (revenue -8.9% year-over-year).
- 2015: Revenue of $141K, expenses of $241K, and assets of $823K (revenue -30.9% year-over-year).
- 2014: Revenue of $204K, expenses of $219K, and assets of $924K (revenue +14.6% year-over-year).
- 2013: Revenue of $178K, expenses of $249K, and assets of $943K (revenue -45.2% year-over-year).
- 2012: Revenue of $325K, expenses of $232K, and assets of $1.0M (revenue +130.6% year-over-year).
- 2011: Revenue of $141K, expenses of $215K, and assets of $920K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lincoln Cultural Development Center Inc:
Data Sources and Methodology
This transparency report for Lincoln Cultural Development Center Inc 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.