Gretna Public Schools Foundation

Analysis

Gretna Public Schools Foundation is a registered charity in United States, based in Gretna, NE. It received its IRS tax-exemption ruling in March 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gretna Public Schools Foundation reported income of $2.8m and spending of $2.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.8m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gretna Public Schools Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within NE. Charities of a similar size with the same main cause include Young Womens Christian Association of Sauk Valley ($2.8m), Armenian Evangelical Union of North America ($2.8m) and The Uva School of Education and Human Development Foundation Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $121k (4.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.2m against liabilities of $11k, net assets of $2.2m. It reported 144 employees.