Dr Miriam and Sheldon G Adelson Educational Institute

Analysis

Dr Miriam and Sheldon G Adelson Educational Institute is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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 June 2023, Dr Miriam and Sheldon G Adelson Educational Institute reported income of $20.5m and spending of $22.1m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.0m to $20.5m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dr Miriam and Sheldon G Adelson Educational Institute 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 97th percentile, and in the 98th percentile within NV. Charities of a similar size with the same main cause include YMCA of Central Ky ($20.5m), Service Corps of Retired Executives Association ($20.6m) and Loyola Press ($20.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $862k (3.9% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $42.2m against liabilities of $14.7m, net assets of $27.5m. It reported 263 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.