Omaha Community Foundation

Analysis

Omaha Community Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 1982, 44 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 December 2023, Omaha Community Foundation reported income of $124.8m and spending of $111.7m, spending 89% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $78.3m to $124.8m (+59%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Omaha Community Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NE. Charities of a similar size with the same main cause include Arizona Community Foundation ($122.7m), Jewish Community Federation of S F Marin Peninsula & Sonoma Counties ($124.9m) and United Way of Greater Toronto ($122.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $953k (0.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $516.4m against liabilities of $15.9m, net assets of $500.4m. It reported 38 employees.