Nebraska Enterprise Fund

Analysis

Nebraska Enterprise Fund is a registered charity in United States, based in Oakland, NE. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Enterprise Fund reported income of $4.5m and spending of $3.8m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $4.5m (+136%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 157%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nebraska Enterprise Fund sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within NE. Charities of a similar size with the same main cause include Evanston Community Foundation Inc ($4.5m), United Way of Southwestern Indiana Inc ($4.5m) and Youth Programs Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $141k (3.7% of expenses). Other salaries and wages came to $698k. At year end it held assets of $19.5m against liabilities of $8.5m, net assets of $11.1m. It reported 16 employees.