Nevada Partners Inc

Analysis

Nevada Partners Inc is a registered charity in United States, based in N Las Vegas, NV. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2021, Nevada Partners Inc reported income of $1.6m and spending of $2.8m, spending 175% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $7.0m to $1.6m (-77%), an average of -53% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nevada Partners Inc sits at the 82nd percentile: it is larger than about 82% 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 Centerstate Development Foundation Inc ($1.6m), Rubicon Enterprises Inc ($1.6m) and Bayview Hunters Point Community Advocates Inc ($1.6m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $432k (16% of expenses). Other salaries and wages came to $603k. At year end it held assets of $8.7m against liabilities of $1.7m, net assets of $7.0m. It reported 24 employees.