Nebraska Chinese Association

Analysis

Nebraska Chinese Association is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 2009, 17 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 December 2023, Nebraska Chinese Association reported income of $159k and spending of $109k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $182k to $159k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 78% 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 Chinese Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NE. Charities of a similar size with the same main cause include Revival Theatre Company ($159k), Bedford Boys Tribute Center ($159k) and Fort Miles Historical Association Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 27% of the total. At year end it held assets of $559k against liabilities of $0, net assets of $559k.