Grow Nebraska Inc

Analysis

Grow Nebraska Inc is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in September 1993, 33 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, Grow Nebraska Inc reported income of $2.7m and spending of $2.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $544k to $2.7m (+389%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 214%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grow Nebraska Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within NE. Charities of a similar size with the same main cause include Cave Organization Inc ($2.7m), American Inns of Court Foundation ($2.7m) and Ballet Memphis Corporation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $135k (6.4% of expenses). Other salaries and wages came to $332k. At year end it held assets of $1.6m against liabilities of $911k, net assets of $662k. It reported 15 employees.