Belmont Community Center Inc

Analysis

Belmont Community Center Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 1947, 79 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, Belmont Community Center Inc reported income of $505k and spending of $643k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $505k (+116%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Belmont Community Center 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 70th percentile, and in the 69th percentile within NE. Charities of a similar size with the same main cause include Chicago Heights Fitness L L C ($505k), Intercollegiate Rowing Association Inc ($505k) and Great Falls Community Ice Foundation ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $54k (8.5% of expenses). Other salaries and wages came to $324k. At year end it held assets of $342k against liabilities of $9,400, net assets of $333k. It reported 26 employees.