Nebraska State Quilt Guild

Analysis

Nebraska State Quilt Guild is a registered charity in United States, based in Elwood, NE. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nebraska State Quilt Guild reported income of $60k and spending of $85k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $60k (-9.4%), an average of -9.4% a year. Over the whole period it spent 126% 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 State Quilt Guild sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within NE. Charities of a similar size with the same main cause include Roadway Antique Trucks ($60k), Collinsville Historical Association Inc ($60k) and Friends of Dynamic Dance Corp ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 79% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.