Nevada Grantlab

Analysis

Nevada Grantlab is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in June 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, Nevada Grantlab reported income of $924k and spending of $1.7m, spending 185% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.4m to $924k (-36%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 246%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nevada Grantlab sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NV. Charities of a similar size with the same main cause include Tristate Minority Supplier Development Council Inc ($924k), Big River Economic and Agricultural Development Alliance ($925k) and Copay Inc ($924k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $232k (14% of expenses). Other salaries and wages came to $551k. At year end it held assets of $4.8m against liabilities of $101k, net assets of $4.7m. It reported 7 employees.