Nevada Risk Pooling

Analysis

Nevada Risk Pooling is a registered charity in United States, based in Carson City, NV. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 June 2024, Nevada Risk Pooling reported income of $2.8m and spending of $2.0m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $2.8m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nevada Risk Pooling sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NV. Charities of a similar size with the same main cause include Resource Foundation Inc ($2.8m), Sky Valley Food Bank ($2.8m) and Sheptytsky Arms Inc ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $494k (25% of expenses). At year end it held assets of $3.7m against liabilities of $116k, net assets of $3.6m. It reported 10 employees.