Reno Rodeo Foundation

Analysis

Reno Rodeo Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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 July 2023, Reno Rodeo Foundation reported income of $872k and spending of $828k, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $743k to $872k (+17%), an average of +4.1% a year. The sharpest change came in the year to July 2022, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reno Rodeo Foundation 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 80th percentile within NV. Charities of a similar size with the same main cause include Montessori Discovery School Incorporated ($872k), Stoneleigh Housing Development Fund Co Inc ($872k) and Lumber River United Way ($872k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $122k (15% of expenses). Other salaries and wages came to $20k. At year end it held assets of $2.6m against liabilities of $176k, net assets of $2.4m. It reported 2 employees.