Upstate Nevada Inc

Analysis

Upstate Nevada Inc is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Upstate Nevada Inc reported income of $290k and spending of $243k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $205k to $290k (+42%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Upstate Nevada Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within NV. Charities of a similar size with the same main cause include Richland Area Community Center ($290k), East Troy Lodge & Community Center Inc ($290k) and Coast Aquatics Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $1,612 (0.7% of expenses). Other salaries and wages came to $116k. At year end it held assets of $74k against liabilities of $44k, net assets of $30k. It reported 12 employees.