Mid-Nebraska Foundation Inc

Analysis

Mid-Nebraska Foundation Inc is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Mid-Nebraska Foundation Inc reported income of $451k and spending of $391k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $486k to $451k (-7.2%), an average of -1.8% a year. The sharpest change came in the year to June 2024, when income dropped by 47%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mid-Nebraska Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include Open Arms Food Pantry & Resource Center ($451k), Kiddy Up Ranch Inc ($451k) and Outreach Re Entry Ministries Inc ($451k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 93% of the total. At year end it held assets of $4.1m against liabilities of $236k, net assets of $3.9m.