Friends Of Nevada Mansion
Friends Of Nevada Mansion reports early financial surplus with minimal expenses in its initial filing.
EIN: 208300096 · Reno, NV · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $845K |
| Total Expenses | $5K |
| Program Spending | 80% |
| Net Assets | $51K |
| Transparency Score | 65/100 |
Is Friends Of Nevada Mansion Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Nevada Mansion directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Nevada Mansion
Friends Of Nevada Mansion (EIN: 208300096) is a nonprofit organization based in Reno, NV, classified under NTEE code A80. The organization reported total revenue of $845K and total assets of $807K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Nevada Mansion's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Nevada Mansion is a small nonprofit that has been operating for 19 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $5K |
| Surplus / Deficit | +$25K |
| Total Assets | $51K |
| Net Assets | $51K |
| Operating Margin | 82.5% |
| Months of Reserves | 115.8 months |
Financial Health Grade: A
In 2023, Friends Of Nevada Mansion reported a surplus of $25K with revenue exceeding expenses, holds 115.8 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Nevada Mansion with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Friends Of Nevada Mansion allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
Executive Compensation Analysis
Officer compensation was reported as 0% in the 2023 filing, indicating that no salaries were paid to officers during that period. This is common for very new or volunteer-run organizations of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of Nevada Mansion's IRS 990 filings:
- Significant discrepancy between provided 'Latest Revenue/Assets' and single filing data, requiring clarification.
Strengths
The following positive indicators were identified for Friends Of Nevada Mansion:
- Operating with a significant surplus in its initial filing ($30,111 revenue vs. $5,268 expenses).
- Zero officer compensation reported in the initial filing, indicating volunteer leadership or early-stage development.
Frequently Asked Questions about Friends Of Nevada Mansion
Is Friends Of Nevada Mansion a legitimate charity?
Friends Of Nevada Mansion (EIN: 208300096) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 65/100. Total revenue: $845K. 1 red flag identified. 2 strengths noted. Financial health grade: A.
How does Friends Of Nevada Mansion spend its money?
Friends Of Nevada Mansion directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Nevada Mansion tax-deductible?
Friends Of Nevada Mansion is registered as a tax-exempt nonprofit (EIN: 208300096). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Nevada Mansion's spending goes to programs?
Friends Of Nevada Mansion directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Nevada Mansion compare to similar nonprofits?
With a transparency score of 65/100 (Good), Friends Of Nevada Mansion is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Nevada Mansion located?
Friends Of Nevada Mansion is headquartered in Reno, Nevada and files with the IRS under EIN 208300096. It is classified under NTEE code A80.
What accounts for the discrepancy between the 'Latest Revenue' and 'Assets' provided and the 2023 filing data?
The provided 'Latest Revenue' of $845,000 and 'Assets' of $807,242 are substantially higher than the $30,111 revenue and $50,843 assets reported in the 2023 filing. This could indicate significant growth post-2023 filing, a different reporting period, or a data entry discrepancy.
How does Friends Of Nevada Mansion plan to scale its operations given its initial small size?
With initial expenses of only $5,268, the organization is operating on a very small scale. Future filings will need to be reviewed to understand how it plans to expand its programs and administrative capacity to manage potentially larger revenues and assets.
Filing History
IRS 990 filing history for Friends Of Nevada Mansion showing financial trends over 1 year of public records:
In its most recent filing year (2023), Friends Of Nevada Mansion reported a surplus of $25K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $5K | $51K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Nevada Mansion:
Data Sources and Methodology
This transparency report for Friends Of Nevada Mansion is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.