Kearney Catholic High School Foundation

Analysis

Kearney Catholic High School Foundation is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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, Kearney Catholic High School Foundation reported income of $1.9m and spending of $895k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $722k to $1.9m (+166%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kearney Catholic High School Foundation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within NE. Charities of a similar size with the same main cause include Independent Order of Odd Fellows ($1.9m), Neighborhood Housing Services Inc ($1.9m) and William Alanson White Institute of Psychiatry Psychoanalysis and Psyc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $40k (4.4% of expenses). Other salaries and wages came to $35k. At year end it held assets of $6.0m against liabilities of $1.9m, net assets of $4.1m. It reported 2 employees.