Lincoln Sport Parachute Club

Analysis

Lincoln Sport Parachute Club is a registered charity in United States, based in Weeping Water, NE. It received its IRS tax-exemption ruling in June 2018, 8 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, Lincoln Sport Parachute Club reported income of $210k and spending of $222k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $252k to $210k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lincoln Sport Parachute Club sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within NE. Charities of a similar size with the same main cause include Long Hill Township ($210k), Ohio Thunder Yb ($210k) and Neptune Soccer Association ($210k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $429k against liabilities of $0, net assets of $429k.