MGM Resorts Foundation

Analysis

MGM Resorts Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 2002, 24 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, MGM Resorts Foundation reported income of $4.2m and spending of $4.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.3m to $4.2m (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income rose by 213%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, MGM Resorts Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NV. Charities of a similar size with the same main cause include Ted and Drama Russell Family Foundation ($4.2m), Multiplying Good Inc ($4.2m) and Oregon Washington Health Network ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $9.0m against liabilities of $1.5m, net assets of $7.4m.