Nebraska City Veterans Memorial Building Project

Analysis

Nebraska City Veterans Memorial Building Project is a registered charity in United States, based in Nebraska City, NE. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 City Veterans Memorial Building Project reported income of $656k and spending of $274k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $656k (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nebraska City Veterans Memorial Building Project sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NE. Charities of a similar size with the same main cause include Partnership West Inc Business Improvement District ($656k), Kings Care a Safe Place Inc ($656k) and Indiana Plan for Equal Employment Inc ($655k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. At year end it held assets of $804k against liabilities of $0, net assets of $804k.