Vegas Sports Foundation

Analysis

Vegas Sports Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Vegas Sports Foundation reported income of $379k and spending of $321k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $237k to $379k (+60%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vegas Sports Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within NV. Charities of a similar size with the same main cause include Nor-Cal Inline ($379k), Ruidoso Junior Golf Inc ($379k) and Warriors Sports Academy ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (11% of expenses). Other salaries and wages came to $16k. At year end it held assets of $174k against liabilities of $0, net assets of $174k. It reported 3 employees.