Invest Nebraska Corp

Analysis

Invest Nebraska Corp is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Invest Nebraska Corp reported income of $9.8m and spending of $2.2m, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $9.8m (+509%), an average of +57% a year. The sharpest change came in the year to December 2021, when income rose by 221%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Invest Nebraska Corp sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include Health Care for All Inc ($9.8m), Southeast Education Inc ($9.8m) and SJC Home Health Services Inc ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $283k (13% of expenses). Other salaries and wages came to $574k. At year end it held assets of $61.6m against liabilities of $576k, net assets of $61.0m. It reported 11 employees.