Nevada H a N D Inc

Analysis

Nevada H a N D Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2022, Nevada H a N D Inc reported income of $4.6m and spending of $8.0m, spending 174% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $11.0m to $4.6m (-58%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 181%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nevada H a N D Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NV. Charities of a similar size with the same main cause include North Brunswick U a W Housing Corp ($4.6m), School of Government Foundation Inc ($4.6m) and Karam Foundation NFP ($4.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $3.0m (38% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $81.7m against liabilities of $66.2m, net assets of $15.4m. It reported 81 employees.