Head Start of Northeastern Nevada

Analysis

Head Start of Northeastern Nevada is a registered charity in United States, based in Elko, NV. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Head Start of Northeastern Nevada reported income of $3.2m and spending of $3.2m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.7m to $3.2m (+16%), an average of +3.7% a year. The sharpest change came in the year to August 2022, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Head Start of Northeastern Nevada sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NV. Charities of a similar size with the same main cause include Florida State University Alumni Association ($3.2m), St Andrews School ($3.2m) and Westside Community School of the Arts ($3.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (2.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.5m against liabilities of $170k, net assets of $2.4m. It reported 81 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.