Sokol South Omaha

Analysis

Sokol South Omaha is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 1945, 81 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, Sokol South Omaha reported income of $516k and spending of $636k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $516k (+260%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sokol South Omaha 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 Little League Baseball Inc ($516k), USA Swimming Inc ($517k) and New England Womens Hockey Alliance ($516k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 79% of the total. Other salaries and wages came to $266k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 43 employees.