Alumni Association University of Nebraska

Analysis

Alumni Association University of Nebraska is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in February 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Alumni Association University of Nebraska reported income of $3.9m and spending of $4.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $3.9m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alumni Association University of Nebraska sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Ravalli Head Start Inc ($3.9m), Californians Together ($3.9m) and Palmetto Achievement Center for Exc Ellence Academy Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 23% of the total. At year end it held assets of $22.0m against liabilities of $3.1m, net assets of $18.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.