Council of Independent Nebraska Colleges Foundation

Analysis

Council of Independent Nebraska Colleges Foundation is a registered charity in United States, based in Bellevue, NE. It received its IRS tax-exemption ruling in May 1955, 71 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Council of Independent Nebraska Colleges Foundation reported income of $1.3m and spending of $692k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $751k to $1.3m (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council of Independent Nebraska Colleges Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NE. Charities of a similar size with the same main cause include Alabama Appleseed Center for Law and Justice Inc ($1.3m), Peninsula Youth Theatre ($1.3m) and Bnai Brith Foundation of the United States ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $145k (21% of expenses). Other salaries and wages came to $70k. At year end it held assets of $5.6m against liabilities of $148k, net assets of $5.4m. It reported 4 employees.