New Cassel Foundation Omaha Nebraska

Analysis

New Cassel Foundation Omaha Nebraska is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, New Cassel Foundation Omaha Nebraska reported income of $1.5m and spending of $1.1m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $895k to $1.5m (+63%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Cassel Foundation Omaha Nebraska sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NE. Charities of a similar size with the same main cause include North Dade Senior Citizens Housing Development Corporation Inc ($1.5m), BHP Community Land Trust Inc ($1.5m) and Grace Court Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $91k. At year end it held assets of $4.4m against liabilities of $36k, net assets of $4.4m.