Nebraska Student Loan Program Inc

Analysis

Nebraska Student Loan Program Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Nebraska Student Loan Program Inc reported income of $37.0m and spending of $220.7m, spending 596% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $36.4m to $37.0m (+1.8%), an average of +0.5% a year. The sharpest change came in the year to September 2022, when income rose by 81%. Over the whole period it spent 192% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nebraska Student Loan Program Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include St Michaels University School Society ($37.0m), Westminster Christian School ($37.1m) and Partners for Rural Impact Inc ($37.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.4m (0.7% of expenses). At year end it held assets of $60.1m against liabilities of $6.6m, net assets of $53.5m. It reported 6 employees.