Gage County Foundation Inc

Analysis

Gage County Foundation Inc is a registered charity in United States, based in Beatrice, NE. It received its IRS tax-exemption ruling in December 1982, 44 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 December 2023, Gage County Foundation Inc reported income of $851k and spending of $682k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $851k (+958%), an average of +80% a year. The sharpest change came in the year to December 2020, when income rose by 338%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gage County Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NE. Charities of a similar size with the same main cause include Key Chorale Inc ($851k), Advokids ($851k) and Boy Scouts of America ($851k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.