Las Vegas Sports Initiative
Las Vegas Sports Initiative consistently allocates 75% of expenses to programs with no reported officer compensation.
EIN: 141901158 · Las Vegas, NV · NTEE: N64 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Program Spending | 75% |
| Net Assets | $948K |
| Transparency Score | 90/100 |
Is Las Vegas Sports Initiative Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Las Vegas Sports Initiative directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Las Vegas Sports Initiative
Las Vegas Sports Initiative (EIN: 141901158) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code N64. The organization reported total revenue of $2.0M and total assets of $835K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Las Vegas Sports Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Las Vegas Sports Initiative is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$186K |
| Total Assets | $1.1M |
| Total Liabilities | $140K |
| Net Assets | $948K |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 12.9% |
| Months of Reserves | 7.0 months |
Financial Health Grade: A
In 2023, Las Vegas Sports Initiative reported a surplus of $186K with revenue exceeding expenses, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 12.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Las Vegas Sports Initiative's revenue has grown at a compound annual growth rate (CAGR) of 16.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | +13.1% | +18.8% |
| 2022 | +71.1% | +40.1% | +37.7% |
| 2021 | +42.9% | -30.7% | -2.4% |
| 2020 | -63.2% | -7.0% | -53.5% |
| 2019 | +14.1% | +8.7% | +21.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Las Vegas Sports Initiative with a Mission Score of 90 out of 100 (Excellent). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Las Vegas Sports Initiative allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $186K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly favorable for donor perception and resource allocation.
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.
Strengths
The following positive indicators were identified for Las Vegas Sports Initiative:
- Strong program spending ratio (75% of expenses to programs).
- Consistent revenue growth, nearly doubling from 2014 to 2023.
- Significant asset growth, indicating financial stability and capacity.
- Zero reported officer compensation across all filings, enhancing donor trust.
- Demonstrated financial resilience, recovering from a deficit in 2020.
Frequently Asked Questions about Las Vegas Sports Initiative
Is Las Vegas Sports Initiative a legitimate charity?
Las Vegas Sports Initiative (EIN: 141901158) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Las Vegas Sports Initiative spend its money?
Las Vegas Sports Initiative directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Las Vegas Sports Initiative tax-deductible?
Las Vegas Sports Initiative is registered as a tax-exempt nonprofit (EIN: 141901158). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Las Vegas Sports Initiative's spending goes to programs?
Las Vegas Sports Initiative directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Las Vegas Sports Initiative compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Las Vegas Sports Initiative is above average for NTEE category N64 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Las Vegas Sports Initiative located?
Las Vegas Sports Initiative is headquartered in Las Vegas, Nevada and files with the IRS under EIN 141901158. It is classified under NTEE code N64.
How many years of IRS 990 filings does Las Vegas Sports Initiative have?
Las Vegas Sports Initiative has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
Is Las Vegas Sports Initiative a good charity?
Based on the provided data, Las Vegas Sports Initiative appears to be a good charity. It consistently allocates a high percentage (75%) of its expenses to program services and reports 0% officer compensation, indicating efficient use of funds and strong dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown consistent growth in revenue and assets over the past decade, with revenue increasing from $1,054,848 in 2014 to $2,040,453 in 2023, and assets growing from $565,818 to $1,087,738 in the same period. It successfully recovered from a deficit in 2020.
What is the organization's approach to executive compensation?
Las Vegas Sports Initiative reports 0% officer compensation in all available filings, suggesting a commitment to minimizing administrative overhead and maximizing resources for program delivery.
Filing History
IRS 990 filing history for Las Vegas Sports Initiative showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Las Vegas Sports Initiative's revenue has grown by 490.6%, moving from $346K to $2.0M. Total assets increased by 4457.3% over the same period, from $24K to $1.1M. Total functional expenses rose by 439.9%, from $343K to $1.9M. In its most recent filing year (2023), Las Vegas Sports Initiative reported a surplus of $186K, with revenue exceeding expenses. The organization holds $140K in liabilities against $1.1M in assets (debt-to-asset ratio: 12.9%), resulting in net assets of $948K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.9M | $1.1M | $140K | — | — |
| 2022 | $1.9M | $1.6M | $915K | $154K | — | View 990 |
| 2021 | $1.1M | $1.2M | $665K | $215K | — | View 990 |
| 2020 | $763K | $1.7M | $681K | $150K | — | — |
| 2019 | $2.1M | $1.8M | $1.5M | $6K | — | View 990 |
| 2018 | $1.8M | $1.7M | $1.2M | $5K | — | View 990 |
| 2017 | $1.6M | $1.5M | $1.0M | $6K | — | View 990 |
| 2016 | $1.3M | $1.3M | $880K | $3K | — | View 990 |
| 2015 | $1.4M | $1.1M | $828K | $5K | — | View 990 |
| 2014 | $1.1M | $876K | $566K | $8K | — | View 990 |
| 2013 | $958K | $687K | $379K | $0 | — | View 990 |
| 2012 | $591K | $582K | $109K | $0 | — | View 990 |
| 2011 | $346K | $343K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $1.1M (revenue +9.4% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.6M, and assets of $915K (revenue +71.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.2M, and assets of $665K (revenue +42.9% year-over-year).
- 2020: Revenue of $763K, expenses of $1.7M, and assets of $681K (revenue -63.2% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.8M, and assets of $1.5M (revenue +14.1% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.7M, and assets of $1.2M (revenue +11.2% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $1.0M (revenue +21.3% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $880K (revenue -3.7% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.1M, and assets of $828K (revenue +32.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $876K, and assets of $566K (revenue +10.1% year-over-year).
- 2013: Revenue of $958K, expenses of $687K, and assets of $379K (revenue +62.1% year-over-year).
- 2012: Revenue of $591K, expenses of $582K, and assets of $109K (revenue +71.0% year-over-year).
- 2011: Revenue of $346K, expenses of $343K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Las Vegas Sports Initiative:
Data Sources and Methodology
This transparency report for Las Vegas Sports Initiative 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.