Leadership Foundation of Greater Las Vegas Inc

Analysis

Leadership Foundation of Greater Las Vegas Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, 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 2023, Leadership Foundation of Greater Las Vegas Inc reported income of $624k and spending of $565k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $504k to $624k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 171%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Leadership Foundation of Greater Las Vegas Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within NV. Charities of a similar size with the same main cause include Original Six Foundation ($624k), Endeavor Initiative Puerto Rico Inc ($625k) and National Association for County Community and Economic Development ($624k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $30k (5.4% of expenses). Other salaries and wages came to $152k. At year end it held assets of $364k against liabilities of $248k, net assets of $117k.