Nebraska Defense Research Corporation

Analysis

Nebraska Defense Research Corporation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Nebraska Defense Research Corporation reported income of $37.3m and spending of $17.0m, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $37.3m (+1104%), an average of +86% a year. The sharpest change came in the year to June 2022, when income rose by 763%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nebraska Defense Research Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include American Management Association Int ($37.3m), Vermont Law School Inc ($37.3m) and Cottonwood Charter School ($37.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $324k (1.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $33.6m against liabilities of $5.0m, net assets of $28.6m. It reported 14 employees.