Elkhorn Public Schools Foundation Inc

Analysis

Elkhorn Public Schools Foundation Inc is a registered charity in United States, based in Elkhorn, NE. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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, Elkhorn Public Schools Foundation Inc reported income of $5.0m and spending of $4.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $5.0m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elkhorn Public Schools Foundation Inc 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 92nd percentile, and in the 92nd percentile within NE. Charities of a similar size with the same main cause include Clinton Hill Community Action ($5.0m), Family Solutions ($5.0m) and Oneamerica ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $132k (2.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $16.1m against liabilities of $0, net assets of $16.1m. It reported 348 employees.