Schilke-Novak Kids Sports Trust

Analysis

Schilke-Novak Kids Sports Trust is a registered charity in United States, based in Fremont, NE. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Schilke-Novak Kids Sports Trust reported income of $87k and spending of $396k, spending 454% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $95k to $87k (-8.7%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 1216%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Schilke-Novak Kids Sports Trust sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NE. Charities of a similar size with the same main cause include Ikebana Iwaya Fund ($87k), Alliance for Housing Progress ($87k) and Rotary Club of San Carlos Community Service Inc ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $5.8m against liabilities of $2,602, net assets of $5.8m.