Vegas Golden Knights Foundation Inc

Analysis

Vegas Golden Knights Foundation Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vegas Golden Knights Foundation Inc reported income of $5.1m and spending of $2.7m, leaving 48% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.3m to $5.1m (+52%), an average of +8.7% a year. The sharpest change came in the year to December 2019, when income rose by 54%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vegas Golden Knights Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NV. Charities of a similar size with the same main cause include United Way of Asheville & Buncombe County Inc ($5.1m), Kern Community Foundation ($5.1m) and Johnson County Community Foundation Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Other salaries and wages came to $364k. At year end it held assets of $7.3m against liabilities of $316k, net assets of $7.0m.