Elkhorn Athletic Association Inc

Analysis

Elkhorn Athletic Association Inc is a registered charity in United States, based in Elkhorn, NE. It received its IRS tax-exemption ruling in May 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elkhorn Athletic Association Inc reported income of $6.9m and spending of $5.5m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $6.9m (+343%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elkhorn Athletic Association Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within NE. Charities of a similar size with the same main cause include Eli and Bessie Cohen Camps ($6.9m), United Athletics Inc ($6.9m) and Healthy Start Coalition of Southwest Florida Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $259k (4.7% of expenses). Other salaries and wages came to $582k. At year end it held assets of $11.0m against liabilities of $5.8m, net assets of $5.2m. It reported 38 employees.