Nebraska Community Foundation

Analysis

Nebraska Community Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Nebraska Community Foundation reported income of $66.5m and spending of $36.7m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $36.8m to $66.5m (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 161%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nebraska Community Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NE. Charities of a similar size with the same main cause include Knights of Columbus Charitable Fund Inc ($66.3m), Fund for the City of New York Inc ($67.3m) and Sacramento Region Community Foundation ($65.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $685k (1.9% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $256.4m against liabilities of $1.7m, net assets of $254.7m. It reported 54 employees.