Milkworks a Nebraska Nonprofit Corporation

Analysis

Milkworks a Nebraska Nonprofit Corporation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Milkworks a Nebraska Nonprofit Corporation reported income of $1.6m and spending of $1.9m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.6m (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Milkworks a Nebraska Nonprofit Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Vermonts Camp Takumta ($1.6m), San Antonio Medical Foundation ($1.6m) and Och Holdings ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 115% of the total. Compensation of current officers, directors and key employees was $172k (9.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $666k against liabilities of $287k, net assets of $379k. It reported 32 employees.