Nebraska Supreme

Analysis

Nebraska Supreme is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in June 2022, 4 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, Nebraska Supreme reported income of $124k and spending of $136k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $129k to $124k (-3.7%), an average of -3.7% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nebraska Supreme sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NE. Charities of a similar size with the same main cause include Floyd Knobs Community Club Inc ($124k), Fluvanna Youth Soccer Association Inc ($125k) and North Reading Skating Association Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. At year end it held assets of $16k against liabilities of $11k, net assets of $4,881.