City of Gering Leasing Corporation

Analysis

City of Gering Leasing Corporation is a registered charity in United States, based in Gering, NE. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, City of Gering Leasing Corporation reported income of $265k and spending of $210k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $316k to $265k (-16%), an average of -4.3% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City of Gering Leasing Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within NE. Charities of a similar size with the same main cause include Cape Coral Rotary Foundation Inc ($264k), Kingdom Projects Inc ($265k) and International Union of Operating Engineers Local 295-295c Joint ($264k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $4.3m against liabilities of $3.3m, net assets of $1.0m.