Lincoln Cornhuskers Inc

Analysis

Lincoln Cornhuskers Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in August 2001, 25 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 Cornhuskers Inc reported income of $66k and spending of $71k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $142k to $66k (-54%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lincoln Cornhuskers Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within NE. Charities of a similar size with the same main cause include Corvallis American Legion Baseball Inc ($66k), Northern California Officials Association Sacramento Section ($66k) and West Islip Youth Lacrosse Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $1,167 against liabilities of $179k, net assets of -$178k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.