Nevada Benefits Foundation

Analysis

Nevada Benefits Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 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, Nevada Benefits Foundation reported income of $67k and spending of $44k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $23k to $67k (+194%), an average of +194% a year. The sharpest change came in the year to December 2023, when income rose by 194%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nevada Benefits Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within NV. Charities of a similar size with the same main cause include Oklahoma Forestry Association ($67k), PTA California Congress of Parents Teachers & Students Inc ($67k) and Keel Mountain Volunteer Fire Department Incorporated ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.