Nebo Education Foundation

Analysis

Nebo Education Foundation is a registered charity in United States, based in Spanish Fork, UT. It received its IRS tax-exemption ruling in October 1995, 31 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 June 2023, Nebo Education Foundation reported income of $463k and spending of $538k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $297k to $463k (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 343%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nebo Education Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within UT. Charities of a similar size with the same main cause include Minnesota Credit Union Foundation Inc ($462k), Buchanan Area Senior Center ($463k) and Wyoming County United Way Inc ($462k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.