So NV Operating & Maintenance Engineers Apprenticeship & Train T

Analysis

So NV Operating & Maintenance Engineers Apprenticeship & Train T is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, So NV Operating & Maintenance Engineers Apprenticeship & Train T reported income of $1.6m and spending of $1.2m, leaving 21% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.8m to $1.6m (-14%), an average of -3.8% a year. The sharpest change came in the year to May 2021, when income dropped by 33%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, So NV Operating & Maintenance Engineers Apprenticeship & Train T sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NV. Charities of a similar size with the same main cause include Rainier Valley Community Development Fund ($1.6m), Midtown Cleveland ($1.6m) and Knox Development Partnership Inc ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.0% and program service revenue 91% of the total. Other salaries and wages came to $491k. At year end it held assets of $4.8m against liabilities of $74k, net assets of $4.8m. It reported 23 employees.