Nebraska Elite Volleyball

Analysis

Nebraska Elite Volleyball is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 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 August 2023, Nebraska Elite Volleyball reported income of $1.8m and spending of $1.8m, spending 102% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.3m to $1.8m (+35%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 96%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nebraska Elite Volleyball sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within NE. Charities of a similar size with the same main cause include Brackenridge Park Conservancy ($1.8m), Hawaii High School Athletic Association ($1.8m) and North Dakota Special Olympics Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $279k (15% of expenses). Other salaries and wages came to $78k. At year end it held assets of $825k against liabilities of $56k, net assets of $769k. It reported 3 employees.