Somerset Academy of las Vegas
4650 Losee Rd, N las Vegas, NV · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $110,984,975 | $113,964,187 | -$7,097,722 |
| FY2024 | $111,556,790 | $106,607,285 | -$4,118,510 |
| FY2023 | $88,528,771 | $93,898,608 | -$6,457,313 |
| FY2022 | $83,363,869 | $77,977,405 | -$1,087,476 |
| FY2021 | $79,621,443 | $78,010,818 | -$6,473,940 |
| FY2020 | $76,063,395 | $74,989,242 | -$8,084,565 |
| FY2019 | $67,734,354 | $67,469,336 | -$9,158,718 |
| FY2018 | $52,196,541 | $52,197,610 | -$9,423,736 |
| FY2017 | $46,982,163 | $48,301,088 | -$9,423,668 |
| FY2016 | $39,660,976 | $39,377,996 | -$8,104,743 |
| FY2015 | $31,494,002 | $30,039,140 | -$8,387,723 |
Form 990 filings
The returns filed by Somerset Academy of las Vegas (EIN 27-5393412), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $5,725,278 | 5% |
| Program service revenue | $102,913,317 | 93% |
| Other revenue | $2,346,380 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $102,562,648 | 90% |
| Management & general | $11,401,539 | 10% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 93% of total revenue in FY2025.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2025. That is higher than 76% of 25 Education organizations in NV.
- Net assets covered about -0.7 months of expenses at the end of the reporting year. That puts it in the 10th percentile among 312 Education organizations in NV.
- Total revenue was the highest among 316 Education organizations in NV.
- Total revenue rose from $31,494,002 in FY2015 to $110,984,975 in FY2025. Revenue increased in 9 and decreased in 1 of 10 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 11 reported years (FY2017, FY2018, FY2023, FY2025).
- The highest revenue on record here is $111,556,790 in FY2024.
- Net assets grew from -$8,387,723 to -$7,097,722 between FY2015 and FY2025.
- Contributions and grants made up 93% of revenue in FY2015 and 5% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SOMERSET ACADEMY OF LAS VEGAS IS A COLLEGE PREPARATORY CHARTER SCHOOL.
IRS status
| Ruling year | 2015 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B25 — Education (in NV) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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