The Nebraska Medical Center

Analysis

The Nebraska Medical Center is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Nebraska Medical Center reported income of $2.08bn and spending of $2.04bn, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.50bn to $2.08bn (+39%), an average of +8.6% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Nebraska Medical Center sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NE. Charities of a similar size with the same main cause include Wakemed ($2.07bn), The Nemours Foundation ($2.09bn) and Temple University Hospital Inc ($2.06bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $10.4m (0.5% of expenses). Other salaries and wages came to $570.1m. It paid $450k in professional fundraising fees. At year end it held assets of $2.49bn against liabilities of $1.23bn, net assets of $1.26bn. It reported 10,661 employees.