Startup Vegas

Analysis

Startup Vegas is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 2022, 4 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 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 2023, Startup Vegas reported income of $157k and spending of $147k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $286k to $157k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Startup Vegas sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within NV. Charities of a similar size with the same main cause include Lions Charity Foundation of Southeastern Virginia Inc ($156k), National Disability Finance Coalition Inc ($157k) and Adams County Rural & Industrial Development Commission ($156k).

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 $58k (39% of expenses). At year end it held assets of $163k against liabilities of $2,000, net assets of $161k. It reported 1 employees.