Nevada Business Opportunity Fund

Analysis

Nevada Business Opportunity Fund is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in October 1995, 31 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 2022, Nevada Business Opportunity Fund reported income of $226k and spending of $389k, spending 172% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $161k to $226k (+41%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nevada Business Opportunity Fund sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within NV. Charities of a similar size with the same main cause include Hostel Detroit ($226k), H-Gac Corporation for Regional Excellence ($226k) and Business Association of West Parkside ($226k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% and program service revenue 2.2% of the total. Other salaries and wages came to $198k. At year end it held assets of $63k against liabilities of $84k, net assets of -$20k.