Nebraska Cultural Endowment

Analysis

Nebraska Cultural Endowment is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 1998, 28 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, Nebraska Cultural Endowment reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.3m (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 53% 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 Cultural Endowment sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NE. Charities of a similar size with the same main cause include I Live Here I Give Here ($1.3m), Students Shoulder to Shoulder ($1.3m) and Integrity Park Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $89k (6.7% of expenses). Other salaries and wages came to $86k. At year end it held assets of $17.5m against liabilities of $62k, net assets of $17.4m.