Southern Nevada Sports Hall of Fame Foundation Inc

Analysis

Southern Nevada Sports Hall of Fame Foundation Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Nevada Sports Hall of Fame Foundation Inc reported income of $314k and spending of $311k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $129k to $314k (+143%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 323%. Over the whole period it spent 38% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southern Nevada Sports Hall of Fame Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within NV. Charities of a similar size with the same main cause include Fleming Island Athletic Association Inc ($314k), Lititz Springs Park Inc ($314k) and Star Soccer Club ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (20% of expenses). It paid $2,149 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $55k, net assets of $1.0m.