Arc of Nebraska Inc

Analysis

Arc of Nebraska Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 1967, 59 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 June 2023, Arc of Nebraska Inc reported income of $156k and spending of $149k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $240k to $156k (-35%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 53%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Nebraska Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NE. Charities of a similar size with the same main cause include Atlanta Photography Group Inc ($156k), Southwest Florida Honor Flight Inc ($156k) and Louisiana Disabled Persons Finance Corporation ($156k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.0% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.