Nebraska Vocational Agricultural Foundation

Analysis

Nebraska Vocational Agricultural Foundation is a registered charity in United States, based in Aurora, NE. It received its IRS tax-exemption ruling in April 1970, 56 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2022, Nebraska Vocational Agricultural Foundation reported income of $523k and spending of $720k, spending 138% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $569k to $523k (-8.1%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 136% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Nebraska Vocational Agricultural Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NE. Charities of a similar size with the same main cause include Outloud Dallas ($523k), Big Brothers Big Sisters of South Central Ohio Inc ($523k) and Palmetto Boys State ($523k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.7% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $68k (9.4% of expenses). Other salaries and wages came to $172k. At year end it held assets of $1.9m against liabilities of $2.0m, net assets of -$76k. It reported 40 employees.

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.