Neola Area Community Center

Analysis

Neola Area Community Center is a registered charity in United States, based in Neola, IA. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Neola Area Community Center reported income of $99k and spending of $142k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $99k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 124% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Neola Area Community Center sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within IA. Charities of a similar size with the same main cause include Wsa-Womens Soccer Association of San Antonio Inc ($99k), Ontario Beach Park Program Comm Inc ($99k) and Truckee - Tahoe Soaring Association ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $40k. At year end it held assets of $934k against liabilities of $655, net assets of $934k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.