Mutual of Omaha Employee Financial Assistance Fund

Analysis

Mutual of Omaha Employee Financial Assistance Fund is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mutual of Omaha Employee Financial Assistance Fund reported income of $325k and spending of $227k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $223k to $325k (+46%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mutual of Omaha Employee Financial Assistance Fund sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NE. Charities of a similar size with the same main cause include United Marriage Encounter ($325k), Pete and Thomas Foundation ($325k) and Amherst Area Foundation Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $314k against liabilities of $0, net assets of $314k.