Silver State Scholarships Inc

Analysis

Silver State Scholarships Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Silver State Scholarships Inc reported income of $64k and spending of $1.4m, spending 2142% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.6m to $64k (-98%), an average of -98% a year. The sharpest change came in the year to December 2023, when income dropped by 98%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Silver State Scholarships Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 28th percentile within NV. Charities of a similar size with the same main cause include Minnesota Association of Counselors of Color Inc ($64k), Miriams Table ($64k) and Sino-American Pharmaceutical Professionals Association Inc Sapa ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 7.2% of the total. At year end it held assets of $1.8m against liabilities of $50k, net assets of $1.8m.