Nutech Ventures

Analysis

Nutech Ventures is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nutech Ventures reported income of $7.5m and spending of $7.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.6m to $7.5m (-1.1%), an average of -0.3% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nutech Ventures sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include Local Workforce Investment for the Westmoreland-Fayette Workforce ($7.5m), District Council 37 Educational Fund ($7.5m) and Northern Hills Training ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. At year end it held assets of $5.5m against liabilities of $4.8m, net assets of $757k.