Academy of Professional Funeral Service Practice

Analysis

Academy of Professional Funeral Service Practice is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in April 1976, 50 years ago. 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, Academy of Professional Funeral Service Practice reported income of $147k and spending of $223k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $159k to $147k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Academy of Professional Funeral Service Practice sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within NE. Charities of a similar size with the same main cause include Cave Spring Historical Society Inc ($147k), Love in Action Ministries Inc ($147k) and Little League Baseball Inc ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $40k (18% of expenses). Other salaries and wages came to $63k. At year end it held assets of $1.0m against liabilities of $62k, net assets of $954k. It reported 2 employees.