Nebraska Philanthropic Trust

Analysis

Nebraska Philanthropic Trust is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Philanthropic Trust reported income of $1.5m and spending of $2.8m, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $1.5m (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income rose by 318%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nebraska Philanthropic Trust sits at the 85th percentile: it is larger than about 85% 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 Dublin Partnership in Education ($1.5m), Halle Foundation ($1.6m) and Carrington Charitable Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $627k (22% of expenses). Other salaries and wages came to $24k. At year end it held assets of $3.0m against liabilities of $786k, net assets of $2.2m. It reported 4 employees.