Lincoln Rockets Inc

Analysis

Lincoln Rockets Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in August 2012, 14 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, Lincoln Rockets Inc reported income of $59k and spending of $56k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $59k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lincoln Rockets Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within NE. Charities of a similar size with the same main cause include Andover Center Ice Club ($59k), Sea Scout Ship Challenge 5111 Inc ($59k) and Aspen Alpine Club Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.