Western Nevada College Foundation

Analysis

Western Nevada College Foundation is a registered charity in United States, based in Carson City, NV. It received its IRS tax-exemption ruling in July 1992, 34 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Western Nevada College Foundation reported income of $1.6m and spending of $1.5m, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1000k to $1.6m (+64%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 102%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Western Nevada College Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NV. Charities of a similar size with the same main cause include Oshkosh Area United Way Inc ($1.6m), Santa Fe Concert Association ($1.6m) and Young Mens Christian Association of Ottumwa Iowa ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 1.9% of the total. At year end it held assets of $9.5m against liabilities of $8.9m, net assets of $621k.