Platte Institute for Economic Research Inc

Analysis

Platte Institute for Economic Research Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover social science, 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 December 2023, Platte Institute for Economic Research Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Platte Institute for Economic Research Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include Highlands Community Theatre Inc ($1.2m), Arts Center for Newaygo County ($1.2m) and Visual Communications Media ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $258k (22% of expenses). Other salaries and wages came to $450k. At year end it held assets of $566k against liabilities of $229k, net assets of $337k. It reported 8 employees.