Omaha Public Schools Foundation

Analysis

Omaha Public Schools Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 1984, 42 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 August 2023, Omaha Public Schools Foundation reported income of $9.6m and spending of $6.9m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to August 2023, income fell from $25.2m to $9.6m (-62%), an average of -22% a year. The sharpest change came in the year to August 2021, when income rose by 91%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Omaha Public Schools Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($9.6m), Bear River Head Start ($9.6m) and Commonwealth Foundation for Public Policy Alternatives ($9.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $113k (1.6% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $38.8m against liabilities of $678k, net assets of $38.1m. It reported 145 employees.