First NV

Analysis

First NV is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, First NV reported income of $1.7m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $982k to $1.7m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 201%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, First NV sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NV. Charities of a similar size with the same main cause include My Place Teen Center Inc ($1.7m), Uncommon Construction Inc ($1.7m) and Ladies of Virtue NFP ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $96k (5.9% of expenses). At year end it held assets of $2.4m against liabilities of $67k, net assets of $2.3m.