Nebraska Medical Education Fund Inc

Analysis

Nebraska Medical Education Fund Inc is a registered charity in United States, based in Tabor, IA. It received its IRS tax-exemption ruling in January 1961, 65 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Nebraska Medical Education Fund Inc reported income of $152k and spending of $181k, spending 119% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $85k to $152k (+78%), an average of +16% a year. The sharpest change came in the year to January 2023, when income rose by 58%. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nebraska Medical Education Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within IA. Charities of a similar size with the same main cause include Lisbon Community Foundation Inc ($152k), Operation Adopt a Soldier Inc ($152k) and Foothills Rural Community Ministry ($152k).

At year end it held assets of $851k against liabilities of $0, net assets of $851k.

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.