Nebraska State Chamber Foundation

Analysis

Nebraska State Chamber Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in October 2020, 6 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 State Chamber Foundation reported income of $730k and spending of $419k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $370k to $730k (+97%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 206%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nebraska State Chamber Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NE. Charities of a similar size with the same main cause include Perfecting Community Development Corporation ($729k), Virginia Growth and Opportunity Foundation ($730k) and Arda International Foundation Inc ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. At year end it held assets of $599k against liabilities of $0, net assets of $599k.