Home Means Nevada Inc

Analysis

Home Means Nevada Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Home Means Nevada Inc reported income of $441k and spending of $442k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $455k to $441k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 144%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Means Nevada Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within NV. Charities of a similar size with the same main cause include Casa Montego II Inc ($441k), Affordable Community Residence Association Inc ($441k) and Ebc Housing II ($441k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (18% of expenses). Other salaries and wages came to $96k. At year end it held assets of $171k against liabilities of $170k, net assets of $740. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.