LINCOLN MEMORIAL UNIVERSITY
6965 CUMBERLAND GAP PKWY, HARROGATE, TN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $285,223,229 | $214,157,205 | $416,696,709 |
| FY2024 | $258,919,196 | $205,702,758 | $340,290,704 |
| FY2023 | $225,089,467 | $182,443,324 | $281,785,581 |
| FY2022 | $200,478,196 | $164,166,411 | $236,302,990 |
| FY2021 | $189,897,370 | $162,543,981 | $206,243,858 |
| FY2020 | $171,241,775 | $155,070,672 | $165,181,076 |
| FY2019 | $157,542,114 | $145,322,877 | $151,227,713 |
| FY2018 | $157,376,764 | $139,628,550 | $137,856,786 |
| FY2017 | $136,234,774 | $125,197,769 | $118,132,208 |
| FY2016 | $119,352,063 | $111,224,109 | $104,601,754 |
| FY2015 | $111,492,150 | $101,134,541 | $98,056,048 |
| FY2014 | $96,293,306 | $97,926,067 | $88,438,327 |
| FY2013 | $102,068,874 | $96,671,534 | $87,514,134 |
| FY2012 | $93,063,292 | $86,660,361 | $80,753,931 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $13,846,024 | 5% |
| Program service revenue | $269,218,659 | 95% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $162,464,810 | 76% |
| Management & general | $49,511,851 | 23% |
| Fundraising | $2,180,544 | 1% |
What the numbers show
- Program service revenue made up 95% of total revenue in FY2025.
- Program services accounted for 76% of functional expenses, management & general 23%, and fundraising 1%.
- 76% of functional expenses went to program services in FY2025. That is higher than 31% of 100 Education organizations in TN.
- Net assets covered about 23.3 months of expenses at the end of the reporting year. That puts it in the 70th percentile among 1048 Education organizations in TN.
- Total revenue was higher than 99.9% of 1061 Education organizations in TN.
- Total revenue rose from $93,063,292 in FY2012 to $285,223,229 in FY2025, Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2014).
- Net assets grew from $80,753,931 to $416,696,709 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
LINCOLN MEMORIAL UNIVERSITY IS A VALUES-BASED LEARNING COMMUNITY DEDICATED TO PROVIDING EDUCATIONAL EXPERIENCES IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES.
IRS status
| Ruling year | 1942 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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