Downtown Omaha Inc Foundation

Analysis

Downtown Omaha Inc Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2001, 25 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 June 2023, Downtown Omaha Inc Foundation reported income of $386k and spending of $415k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $428k to $386k (-9.9%), an average of -3.4% a year. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Omaha Inc Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NE. Charities of a similar size with the same main cause include Michigan Shakespeare Festival Inc ($386k), Fine Arts Network ($386k) and Heart of the Civil War Heritage Area Inc ($385k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.