Las Vegas Community Investment Corporation

Analysis

Las Vegas Community Investment Corporation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Las Vegas Community Investment Corporation reported income of $622k and spending of $23k, leaving 96% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $354k to $622k (+75%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 325%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Las Vegas Community Investment Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within NV. Charities of a similar size with the same main cause include Time for Change ($621k), Allen Temple Community Economic Development Corporation ($622k) and Mayfair Business Improvement District Inc ($621k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.8m against liabilities of $36k, net assets of $3.7m.