Outlook-Nebraska Inc

Analysis

Outlook-Nebraska Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Outlook-Nebraska Inc reported income of $24.7m and spending of $22.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.4m to $24.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Outlook-Nebraska 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 97th percentile within NE. Charities of a similar size with the same main cause include The Fedcap Group Inc ($24.7m), Partnership for Public Service Inc ($24.7m) and Private Industry Council of Westmoreland Fayette Inc ($24.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $193k (0.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $34.0m against liabilities of $8.7m, net assets of $25.3m. It reported 65 employees.