Family Promise of Las Vegas

Analysis

Family Promise of Las Vegas is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Family Promise of Las Vegas reported income of $2.3m and spending of $1.5m, leaving 34% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $616k to $2.3m (+271%), an average of +39% a year. The sharpest change came in the year to August 2020, when income rose by 107%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Promise of Las Vegas 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 87th percentile, and in the 89th percentile within NV. Charities of a similar size with the same main cause include Kennedy Management Inc ($2.3m), P V Community Development Corporation ($2.3m) and Irvine Community Land Trust ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (5.1% of expenses). Other salaries and wages came to $312k. At year end it held assets of $1.7m against liabilities of $20k, net assets of $1.7m. It reported 7 employees.