Nevada Research & Innovation Corporation

Analysis

Nevada Research & Innovation Corporation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Nevada Research & Innovation Corporation reported income of $157k and spending of $231k, spending 147% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $194k to $157k (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nevada Research & Innovation Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within NV. Charities of a similar size with the same main cause include Linn County Library Dist 1 ($157k), Clear Lake Lunar Rendezvous Festival Inc ($157k) and PTA Texas Congress ($157k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.6% and program service revenue 78% of the total. At year end it held assets of $855k against liabilities of $349k, net assets of $506k.

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.