Omaha Discovery TR

Analysis

Omaha Discovery TR is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Omaha Discovery TR reported income of $8.7m and spending of $12.4m, spending 142% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $64.7m to $8.7m (-86%), an average of -49% a year. The sharpest change came in the year to December 2022, when income dropped by 87%. Over the whole period it spent 18% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Omaha Discovery TR sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include Lexington Montessori School Inc ($8.7m), Athenian Academy Inc ($8.7m) and National School Boards Association Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $402k (3.2% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $94.1m against liabilities of $1.4m, net assets of $92.7m. It reported 122 employees.