Las Vegas Sports Initiative

Analysis

Las Vegas Sports Initiative is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Las Vegas Sports Initiative reported income of $2.0m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $2.0m (-1.5%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Las Vegas Sports Initiative sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NV. Charities of a similar size with the same main cause include Washington County Fair Inc ($2.0m), Prospect Meadows Inc ($2.0m) and Colorado Fourteeners Initiative ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $78k (4.2% of expenses). Other salaries and wages came to $308k. At year end it held assets of $1.1m against liabilities of $140k, net assets of $948k.