Taste of Omaha Inc

Analysis

Taste of Omaha Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Taste of Omaha Inc reported income of $195k and spending of $275k, spending 141% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $331k to $195k (-41%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Taste of Omaha Inc 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 53rd percentile, and in the 52nd percentile within NE. Charities of a similar size with the same main cause include Blooming Prairie Public School Foundation ($195k), Cindy Brown Gives Back ($195k) and Sawyer Library Foundation ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $2,883 against liabilities of $52k, net assets of -$49k.

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.