Reno-Tahoe Open Foundation

Analysis

Reno-Tahoe Open Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reno-Tahoe Open Foundation reported income of $3.8m and spending of $3.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $3.8m (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Reno-Tahoe Open Foundation 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 91st percentile, and in the 92nd percentile within NV. Charities of a similar size with the same main cause include Lakeside Aquatic Club ($3.8m), Richmond Volleyball Club ($3.9m) and The Scga Foundation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $199k (5.6% of expenses). Other salaries and wages came to $286k. At year end it held assets of $220k against liabilities of $130k, net assets of $90k. It reported 6 employees.