Nebraska Journalism Trust

Analysis

Nebraska Journalism Trust is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 Journalism Trust reported income of $2.3m and spending of $1.2m, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.1m to $2.3m (+116%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nebraska Journalism Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within NE. Charities of a similar size with the same main cause include Bronco Bench Foundation ($2.3m), 4-H Clubs & Affiliated 4-H Organizations ($2.3m) and Access Central Coast ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (8.3% of expenses). Other salaries and wages came to $579k. It paid $85k in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $57k, net assets of $3.4m. It reported 17 employees.