Great Platte River Road Memorial Foundation

Analysis

Great Platte River Road Memorial Foundation is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in May 1997, 29 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, Great Platte River Road Memorial Foundation reported income of $1.2m and spending of $2.2m, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 186% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great Platte River Road Memorial Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include Performing Arts Center Inc ($1.2m), Concerto Soloists ($1.2m) and Breakthrough BT Media Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $23k (1.0% of expenses). Other salaries and wages came to $321k. At year end it held assets of $16.2m against liabilities of $117k, net assets of $16.1m. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.