Rural Nevada Development Corporation

Analysis

Rural Nevada Development Corporation is a registered charity in United States, based in Ely, NV. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 2024, Rural Nevada Development Corporation reported income of $5.6m and spending of $2.9m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $5.6m (+228%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 564%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rural Nevada Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NV. Charities of a similar size with the same main cause include Mississippi Center for Legal Services Corporation ($5.6m), Kidogo Early Years Inc ($5.6m) and Mercy Health Foundation Northwest Arkansas ($5.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $158k (5.5% of expenses). Other salaries and wages came to $488k. At year end it held assets of $32.6m against liabilities of $13.6m, net assets of $19.0m. It reported 13 employees.