Community Foundation of Northern Nevada

Analysis

Community Foundation of Northern Nevada is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of Northern Nevada reported income of $36.5m and spending of $15.1m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.5m to $36.5m (+135%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Northern Nevada sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NV. Charities of a similar size with the same main cause include The United Way of Southwestern Pennsylvania ($36.4m), UNICEF USA Impact Fund for Children Inc ($36.5m) and Petco Love ($36.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $695k (4.6% of expenses). Other salaries and wages came to $520k. At year end it held assets of $155.1m against liabilities of $11.0m, net assets of $144.2m. It reported 20 employees.