Mid Nebraska Community Foundation Inc

Analysis

Mid Nebraska Community Foundation Inc is a registered charity in United States, based in North Platte, NE. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2024, Mid Nebraska Community Foundation Inc reported income of $4.2m and spending of $2.8m, leaving 34% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $2.4m to $4.2m (+76%), an average of +12% a year. The sharpest change came in the year to May 2023, when income rose by 171%. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mid Nebraska Community Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within NE. Charities of a similar size with the same main cause include Midlands Community Foundation ($4.2m), Boys and Girls Club of Benton County ($4.2m) and CFM Foundation ($4.2m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $115k (4.2% of expenses). Other salaries and wages came to $136k. At year end it held assets of $56.4m against liabilities of $10.1m, net assets of $46.4m. It reported 3 employees.