Silver State Hope Fund

Analysis

Silver State Hope Fund is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Silver State Hope Fund reported income of $134k and spending of $194k, spending 145% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $27k to $134k (+391%), an average of +122% a year. The sharpest change came in the year to June 2023, when income rose by 1164%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Silver State Hope Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within NV. Charities of a similar size with the same main cause include Air Medical Physician Association Inc ($134k), South Coast Ventures Inc ($134k) and Not My Child Inc ($134k).

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 $62k (32% of expenses). At year end it held assets of $141k against liabilities of $1,331, net assets of $140k. It reported 2 employees.