Fernley Community Foundation

Analysis

Fernley Community Foundation is a registered charity in United States, based in Fernley, NV. It received its IRS tax-exemption ruling in January 2020, 6 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 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 June 2024, Fernley Community Foundation reported income of $77k and spending of $7,783, leaving 90% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $74k to $77k (+3.9%), an average of +3.9% a year. Over the whole period it spent 13% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fernley Community Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within NV. Charities of a similar size with the same main cause include Wis Teq Neemit ($77k), Our Fathers Affordable Housing Foundation ($77k) and Sykeston Community Club ($77k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 16% of the total. At year end it held assets of $339k against liabilities of $0, net assets of $339k.