Northern Nevada Rave Family Foundation

Analysis

Northern Nevada Rave Family Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Northern Nevada Rave Family Foundation reported income of $646k and spending of $701k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $354k to $646k (+82%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northern Nevada Rave Family Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within NV. Charities of a similar size with the same main cause include New Hope Family Services Inc ($646k), Maine Access Immigrant Network ($646k) and Ttawaxt Birth Justice Center ($646k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (11% of expenses). Other salaries and wages came to $392k. At year end it held assets of $303k against liabilities of $8,516, net assets of $295k. It reported 52 employees.