Las Vegas Aces Foundation

Analysis

Las Vegas Aces Foundation is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in May 2023, 3 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, Las Vegas Aces Foundation reported income of $466k and spending of $226k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $17k to $466k (+2644%), an average of +2644% a year. The sharpest change came in the year to December 2023, when income rose by 2644%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Las Vegas Aces Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within NV. Charities of a similar size with the same main cause include Frederic Cornell Kohler Char TR ($466k), Silver Spring Volunteer Fire Dept Inc ($467k) and Pregnancy Service Center Inc of Salina Kansas ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $133k. At year end it held assets of $269k against liabilities of $12k, net assets of $257k.