Nevada Gold Mines Heritage Fund

Analysis

Nevada Gold Mines Heritage Fund is a registered charity in United States, based in Elko, NV. It received its IRS tax-exemption ruling in February 2021, 5 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nevada Gold Mines Heritage Fund reported income of $4.2m and spending of $46k, leaving 99% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $15k to $4.2m (+27327%), an average of +1556% a year. The sharpest change came in the year to December 2022, when income rose by 27515%. Over the whole period it spent 0.8% 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 Gold Mines Heritage Fund 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 91st percentile, and in the 93rd percentile within NV. Charities of a similar size with the same main cause include No Stone Unturned Foundation ($4.2m), Community Foundation of Warren County ($4.2m) and Bainbridge Community Foundation ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $9.2m against liabilities of $0, net assets of $9.2m.