Southeast Nebraska Development Inc

Analysis

Southeast Nebraska Development Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Southeast Nebraska Development Inc reported income of $374k and spending of $55k, leaving 85% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income fell from $1.6m to $374k (-77%), an average of -38% a year. The sharpest change came in the year to June 2020, when income dropped by 66%. Over the whole period it spent 4.1% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeast Nebraska Development Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within NE. Charities of a similar size with the same main cause include Maiden Rosenwalt Community Development Corporation ($374k), Aha Hui E Kala ($374k) and CTK Development Corporation ($373k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 3.0% of the total. At year end it held assets of $3.5m against liabilities of $12k, net assets of $3.5m.