United Way of Southern Nevada Inc

Analysis

United Way of Southern Nevada Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in November 1965, 61 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 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 June 2023, United Way of Southern Nevada Inc reported income of $12.6m and spending of $13.3m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.3m to $12.6m (-23%), an average of -6.2% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Southern Nevada Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NV. Charities of a similar size with the same main cause include Horizon Community Funds of Northern Kentucky Inc ($12.6m), Albuquerque Community Foundation ($12.7m) and Rockwood Leadership Institute ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $426k (3.2% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $10.9m against liabilities of $2.2m, net assets of $8.7m. It reported 53 employees.