Nebraska Aquatics

Analysis

Nebraska Aquatics is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in February 1965, 61 years ago. 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 May 2024, Nebraska Aquatics reported income of $66k and spending of $60k, spending 90% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $54k to $66k (+24%), an average of +24% a year. The sharpest change came in the year to May 2024, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nebraska Aquatics 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 26th percentile, and in the 24th percentile within NE. Charities of a similar size with the same main cause include Virginia Independent Soccer Team Association ($66k), St Josephs Villa Foundation ($66k) and Celina Senior High Athletic Booster Club ($66k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 1.1% and program service revenue 27% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.