Nebraskans for the Arts Inc

Analysis

Nebraskans for the Arts Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 1985, 41 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 June 2024, Nebraskans for the Arts Inc reported income of $65k and spending of $74k, spending 113% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $84k to $65k (-22%), an average of -22% a year. The sharpest change came in the year to June 2024, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nebraskans for the Arts Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within NE. Charities of a similar size with the same main cause include Oceana County Historical & Genealogical Society ($65k), Ancient Order of Hiberians St Louis County Board ($65k) and Ptsa Connecticut Congress ($65k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 65% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.