Public & Societal Benefit
(W20)
IRS Verified
DX Registered
990 on File
MAYORS FUND FOR LAS VEGAS LIFE
Financial strength (30%)
94/100
Reliability (20%)
40/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Mayor's Fund for Las Vegas LIFE was established in 2017 by Mayor Carolyn Goodman as a catalyst for positive change. Our multifaceted approach aims to address and overcome the most pervasive, complex challenges facing the Las Vegas community. We serve as a vehicle for private sector partners to support programs and initiatives that improve quality of life for all Las Vegas residents through public/private partnerships with a focus on vulnerable populations. Via collaboration of resources, donations, and innovative ideas for solving critical challenges, we strive for community collaboration, proving the impact of joining mission-based forces to create positive change.
Financial Overview — FY 2024
$2.9M
Total Revenue
$1.2M
Total Expenses
$1.7M
Net Assets
2
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
80.0%
Fundraising Efficiency
N/A
Operating Reserve
16.56x
Liability-to-Asset
1.8%
Revenue Diversification
100.0%
Executive Compensation
$169K
Compared with Peers
FY 2024
Compared with 521 similar organizations
(United States, Public & Societal Benefit, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.0% | 83.6% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.4% | 12.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.6% | 1.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
16.6 mo | 9.3 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.8% | 13.7% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 94.8% |
P10P90
|
Bottom quarter |
|
Surplus margin
Surplus as a share of revenue
|
58.0% | 2.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.9M | $1.2M | $1.7M | 80.0% | 2 |
| 2023 | N/A | N/A | $0 | — | — |
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