Nevada School of the Arts

Analysis

Nevada School of the Arts is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 1977, 49 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Nevada School of the Arts reported income of $476k and spending of $755k, spending 159% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.0m to $476k (-54%), an average of -18% a year. The sharpest change came in the year to August 2023, when income dropped by 40%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nevada School of the Arts sits at the 76th percentile: it is larger than about 76% 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 Art & Creativity for Healing Inc ($476k), California Ocean Alliance ($476k) and Junior Chamber Music ($476k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $307k. At year end it held assets of $151k against liabilities of $393k, net assets of -$242k. It reported 45 employees.