Nevada Community Foundation Inc

Analysis

Nevada Community Foundation Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 1993, 33 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, Nevada Community Foundation Inc reported income of $69.6m and spending of $12.8m, leaving 82% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $35.8m to $69.6m (+95%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 199%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nevada Community Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NV. Charities of a similar size with the same main cause include Greater Horizons Trust ($69.6m), Jewish Federation of Greater Philadelphia ($69.8m) and Telescope Fund ($69.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $485k (3.8% of expenses). Other salaries and wages came to $233k. At year end it held assets of $305.9m against liabilities of $22.2m, net assets of $283.7m. It reported 8 employees.