Kearney Public Schools Foundation Inc

Analysis

Kearney Public Schools Foundation Inc is a registered charity in United States, based in Kearney, 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 August 2023, Kearney Public Schools Foundation Inc reported income of $1.9m and spending of $1.8m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $1.9m (+40%), an average of +8.8% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kearney Public Schools Foundation Inc sits at the 84th 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 Tanalian Bible Camp ($1.9m), Kentucky Future Farmers of America Foundation Inc ($1.9m) and Creative Hub Worcester Inc ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $61k (3.4% of expenses). Other salaries and wages came to $994k. At year end it held assets of $2.1m against liabilities of $19k, net assets of $2.0m. It reported 129 employees.