Nevada Veterans Memorial Plaza

Analysis

Nevada Veterans Memorial Plaza is a registered charity in United States, based in Sparks, NV. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Veterans Memorial Plaza reported income of $88k and spending of $169k, spending 193% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $347k to $88k (-75%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nevada Veterans Memorial Plaza sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within NV. Charities of a similar size with the same main cause include Walters Art Museum Foundation Inc ($88k), Texas Tennis Museum & Hall of Fame ($88k) and Ministry Architecture Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.

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.