Silver State Legacy Foundation
EIN: 824541707 · Las Vegas, NV · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $28K |
| Net Assets | $1.7M |
Is Silver State Legacy Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Silver State Legacy Foundation
Silver State Legacy Foundation (EIN: 824541707) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code P30. The organization reported total revenue of $1.3M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Silver State Legacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Silver State Legacy Foundation is a mid-size nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $28K |
| Surplus / Deficit | +$45K |
| Total Assets | $1.7M |
| Net Assets | $1.7M |
| Operating Margin | 61.7% |
| Months of Reserves | 712.8 months |
Financial Health Grade: A
In 2023, Silver State Legacy Foundation reported a surplus of $45K with revenue exceeding expenses, holds 712.8 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Silver State Legacy Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.7% | -69.4% | +2.8% |
| 2022 | -36.6% | +93.5% | +5.3% |
| 2021 | -52.9% | -12.4% | +88.3% |
| 2020 | +128.6% | +182.9% | +178.7% |
| 2019 | +324.8% | +10901.1% | +393.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Silver State Legacy Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Silver State Legacy Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $45K, with revenue exceeding expenses.
Frequently Asked Questions about Silver State Legacy Foundation
Is Silver State Legacy Foundation a legitimate charity?
Silver State Legacy Foundation (EIN: 824541707) is a registered tax-exempt nonprofit based in Nevada. It has 6 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: A.
How does Silver State Legacy Foundation spend its money?
Silver State Legacy Foundation reported $1.3M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Silver State Legacy Foundation tax-deductible?
Silver State Legacy Foundation is registered as a tax-exempt nonprofit (EIN: 824541707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Silver State Legacy Foundation located?
Silver State Legacy Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 824541707. It is classified under NTEE code P30.
How many years of IRS 990 filings does Silver State Legacy Foundation have?
Silver State Legacy Foundation has 6 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Silver State Legacy Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Silver State Legacy Foundation's revenue has grown by 22.8%, moving from $60K to $74K. Total assets increased by 2704.1% over the same period, from $60K to $1.7M. Total functional expenses rose by 16038.9%, from $175 to $28K. In its most recent filing year (2023), Silver State Legacy Foundation reported a surplus of $45K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $28K | $1.7M | $0 | — | — |
| 2022 | $174K | $92K | $1.6M | $0 | — | View 990 |
| 2021 | $275K | $48K | $1.6M | $0 | — | View 990 |
| 2020 | $583K | $54K | $824K | $0 | — | View 990 |
| 2019 | $255K | $19K | $295K | $0 | — | View 990 |
| 2018 | $60K | $175 | $60K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $28K, and assets of $1.7M (revenue -57.7% year-over-year).
- 2022: Revenue of $174K, expenses of $92K, and assets of $1.6M (revenue -36.6% year-over-year).
- 2021: Revenue of $275K, expenses of $48K, and assets of $1.6M (revenue -52.9% year-over-year).
- 2020: Revenue of $583K, expenses of $54K, and assets of $824K (revenue +128.6% year-over-year).
- 2019: Revenue of $255K, expenses of $19K, and assets of $295K (revenue +324.8% year-over-year).
- 2018: Revenue of $60K, expenses of $175, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Silver State Legacy Foundation:
Data Sources and Methodology
This transparency report for Silver State Legacy Foundation 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.