Kearney Area Community Foundation

Analysis

Kearney Area Community Foundation is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in April 1995, 31 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 December 2023, Kearney Area Community Foundation reported income of $7.1m and spending of $6.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $7.1m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kearney Area Community Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include Porter County Community Foundation Inc ($7.1m), Modern Classrooms Project Inc ($7.1m) and Cfleads ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $93k (1.3% of expenses). Other salaries and wages came to $234k. At year end it held assets of $45.3m against liabilities of $19.3m, net assets of $25.9m. It reported 5 employees.