Nebraska USA Wrestling Inc

Analysis

Nebraska USA Wrestling Inc is a registered charity in United States, based in Bennington, NE. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Nebraska USA Wrestling Inc reported income of $536k and spending of $563k, spending 105% of what it took in. Across the 6 years on record, from August 2018 to August 2023, income grew from $394k to $536k (+36%), an average of +6.4% a year. The sharpest change came in the year to August 2021, when income rose by 425%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nebraska USA Wrestling Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NE. Charities of a similar size with the same main cause include Long Island Amateur Hockey League Inc ($536k), Nrva Inc ($536k) and Sierra Mountain Soccer Club ($536k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $79k (14% of expenses). At year end it held assets of $180k against liabilities of $23k, net assets of $158k. It reported 2 employees.