Bishop Gorman Development Corporation

Analysis

Bishop Gorman Development Corporation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 2004, 22 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, Bishop Gorman Development Corporation reported income of $7.9m and spending of $1.7m, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.8m to $7.9m (-53%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 366%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bishop Gorman Development Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within NV. Charities of a similar size with the same main cause include Boys and Girls Clubs of Metro South Inc ($7.9m), Westcare Illinois Inc ($7.9m) and NCSL Foundation for State Legislatures ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. At year end it held assets of $53.4m against liabilities of $32.4m, net assets of $21.0m.