Nebraska State Fair 1868 Foundation

Analysis

Nebraska State Fair 1868 Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Nebraska State Fair 1868 Foundation reported income of $454k and spending of $523k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $454k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nebraska State Fair 1868 Foundation 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 69th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include Vero Beach Duplicate Bridge Club Inc ($454k), Little League Baseball Inc ($454k) and Broomstones Inc ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $87k (17% of expenses). Other salaries and wages came to $12k. At year end it held assets of $1.2m against liabilities of $591k, net assets of $630k. It reported 3 employees.