Silver State Legacy Foundation

Analysis

Silver State Legacy Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Silver State Legacy Foundation reported income of $74k and spending of $28k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $255k to $74k (-71%), an average of -27% a year. The sharpest change came in the year to December 2020, when income rose by 129%. Over the whole period it spent 18% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silver State Legacy Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within NV. Charities of a similar size with the same main cause include Born Again Bargains Inc ($74k), Squan-A-Thon a NJ Nonprofit Corporation ($74k) and Options for Affordable Housing ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.