Nebraska Firefighters Foundations

Analysis

Nebraska Firefighters Foundations is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Nebraska Firefighters Foundations reported income of $126k and spending of $131k, spending 104% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $86k to $126k (+47%), an average of +14% a year. The sharpest change came in the year to March 2023, when income rose by 41%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nebraska Firefighters Foundations sits at the 48th percentile: it is larger than about 48% 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 Kennesaw Mountain High School Drama ($126k), Spicewood Arts Society ($126k) and Ocala Main Street Inc ($126k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (22% of expenses). Other salaries and wages came to $5,989. At year end it held assets of $1.2m against liabilities of $657, net assets of $1.2m. It reported 2 employees.

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.