Nevada Surplus Lines Foundation

Analysis

Nevada Surplus Lines Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nevada Surplus Lines Foundation reported income of $3.7m and spending of $5.2m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $3.7m (-9.8%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 40% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nevada Surplus Lines Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NV. Charities of a similar size with the same main cause include Impact of Southern Arizona ($3.7m), Georgia Center for Nonprofits Inc ($3.7m) and Techcongress Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $10.3m against liabilities of $0, net assets of $10.3m.