Friends of Las Vegas Academy

Analysis

Friends of Las Vegas Academy is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Friends of Las Vegas Academy reported income of $168k and spending of $56k, leaving 67% of income unspent that year. Across the 5 years on record, from September 2019 to June 2023, income fell from $186k to $168k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to June 2023, when income rose by 391%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Las Vegas Academy sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within NV. Charities of a similar size with the same main cause include Rutherford B H Yates Museum Inc ($168k), Fairlight Foundation ($168k) and GHS Band & Guard Boosters Inc ($168k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $763k against liabilities of $0, net assets of $763k.