Daily Nebraskan

Analysis

Daily Nebraskan is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in July 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Daily Nebraskan reported income of $457k and spending of $488k, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $420k to $457k (+9.0%), an average of +1.7% a year. The sharpest change came in the year to June 2020, when income dropped by 17%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Daily Nebraskan sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include Art House Inc ($457k), Art Guild of Port Washington Inc ($457k) and Society for in Vitro Biology Incorporated ($457k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $90k (18% of expenses). Other salaries and wages came to $209k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 117 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.