Nevada Health and Bioscience Asset Corporation

Analysis

Nevada Health and Bioscience Asset Corporation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nevada Health and Bioscience Asset Corporation reported income of $12.6m and spending of $4.6m, leaving 64% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $39.6m to $12.6m (-68%), an average of -32% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 4.3% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nevada Health and Bioscience Asset Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NV. Charities of a similar size with the same main cause include Ad Prima Charter School ($12.6m), Giant Steps Illinois Inc ($12.6m) and James Barry Robinson Home for Boys Trust ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $268k (5.9% of expenses). Other salaries and wages came to $157k. At year end it held assets of $200.5m against liabilities of $91.3m, net assets of $109.1m. It reported 3 employees.