The Harrah Automobile Foundation

Analysis

The Harrah Automobile Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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, The Harrah Automobile Foundation reported income of $3.7m and spending of $2.1m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.7m (+206%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 244%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Harrah Automobile Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NV. Charities of a similar size with the same main cause include Baltimore Healthy Start Inc ($3.7m), Deaf Community Advocacy Network ($3.7m) and Thomas Mott Osborne Memorial Fund Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $95k (4.5% of expenses). Other salaries and wages came to $570k. At year end it held assets of $39.2m against liabilities of $78k, net assets of $39.1m. It reported 27 employees.