Lincoln Sports Foundation Inc

Analysis

Lincoln Sports Foundation Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in July 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lincoln Sports Foundation Inc reported income of $856k and spending of $967k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $856k (-72%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 74%. Over the whole period it spent 55% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lincoln Sports Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NE. Charities of a similar size with the same main cause include Special Olympics Mississippi Inc ($856k), Somerset Youth Hockey Association ($856k) and Sheboygan Area Youth Soccer Organization Inc ($856k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $6.3m against liabilities of $3.2m, net assets of $3.1m. It reported 11 employees.