Nebraska Music Education Association

Analysis

Nebraska Music Education Association is a registered charity in United States, based in Boystown, NE. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Nebraska Music Education Association reported income of $333k and spending of $384k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $333k (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nebraska Music Education Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NE. Charities of a similar size with the same main cause include Forbes Avenue Foundation ($332k), Salem County Historical Society ($333k) and Aspen Santa Fe Ballet Fund ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). At year end it held assets of $201k against liabilities of $0, net assets of $201k.