Life Skills of Nebraska Inc

Analysis

Life Skills of Nebraska Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Life Skills of Nebraska Inc reported income of $80k and spending of $95k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $80k (-47%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Life Skills of Nebraska Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NE. Charities of a similar size with the same main cause include Leadership Donelson-Hermitage ($79k), SVRC Industries Inc Foundation ($80k) and Houston Delta Gamma Foundation ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1,786 against liabilities of $2,000, net assets of -$214.