Bit Holdings Three Inc
501(c)(25)
Only null% goes to programs Strong reserves Declining revenue
Bit Holdings Three Inc is a 501(c)(25) organization based in Las Vegas, Nevada, registered in 1994, with -$175,507,571 in FY2024 revenue. CharityIndex grades it D.
6725 Via Austi Pkwy Ste 260, Las Vegas, NV, 89119 EIN 52-1876490 Since 1994
Revenue (FY2024)
-$175.5M
▼ 505.7% vs prior year
Expenses (FY2024)
$9.1M
Net assets
$541.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Bit Holdings Three Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating712 mo reserves · -105% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bit Holdings Three Inc: 712 mo reserves · -105% margin earns a F on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bit Holdings Three Inc: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bit Holdings Three Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
The corporation was organized to acquire real property, hold title thereto, collect income from such property, and remit the entire amount less expenses to qualified shareholders.
Contact & location
Financial trends
Revenue declined from $84.7M (FY2019) to -$175.5M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.7MNet assets $541.4M
Operating margin
-105.2%
Spent more than it raised in the latest fiscal year.
Total assets
$547.1M
Total liabilities
$5.7M
Net assets
$541.4M
Salaries & benefits
$0
0% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$175,507,571▼506% | $9,119,535▲60.0% | $541,428,664▼3.8% | $547,088,571▼25.8% | 990 |
| 2023 | $43,263,209▲7.5% | $5,699,038▼25.6% | $562,582,538▼28.9% | $737,687,563▼23.9% | 990 |
| 2022 | $40,242,400▼26.6% | $7,658,228▼9.6% | $791,333,290▼21.4% | $969,623,957▼24.8% | 990 |
| 2021 | $54,861,016▼4.2% | $8,474,675▼1.7% | $1,006,770,145▲2.0% | $1,289,791,914▲1.8% | 990 |
| 2020 | $57,252,180▼32.4% | $8,622,054▼2.5% | $987,407,585▲2.1% | $1,266,699,189▲0.4% | 990 |
| 2019 | $84,651,746 | $8,845,241 | $967,014,326 | $1,261,636,622 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher M Blake | Treasurer | 0.1 | — |
| Christopher Randall | Vice President (exit 11/24) | 0.1 | — |
| Dominick D'eramo | Vice President (enter 5/24) | 0.1 | — |
| Great Gray Trust Company LLC | Trustee | 0.1 | — |
| Jennifer E Matz | Secretary | 0.1 | — |
| Robert N Barnett III | President | 0.1 | — |
Top vendors & contractors (FY2019)
| Contractor | Services | Paid |
|---|---|---|
| Hines Interest LP | Building Maintenance | $1,357,739 |
| Crimson Services | Property Management Fees | $581,773 |
| Commercial Building Maintenance | Building Maintenance/repair Service | $372,800 |
| Jones Lang Lasalle | Leasing Commissions | $337,025 |
| D&l Precision | Interior Construction | $273,725 |
Frequently asked questions
- Is Bit Holdings Three Inc a legitimate nonprofit?
- Yes. Bit Holdings Three Inc is a 501(c)(25) organization registered with the U.S. Internal Revenue Service under EIN 52-1876490, based in Las Vegas, Nevada.
- What is Bit Holdings Three Inc's EIN?
- Bit Holdings Three Inc's Employer Identification Number (EIN) is 52-1876490.
- How much revenue does Bit Holdings Three Inc report?
- Bit Holdings Three Inc reported -$175,507,571 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Bit Holdings Three Inc have?
- CharityIndex grades Bit Holdings Three Inc D, based on financial health (reserves and operating margin).
- How much does Bit Holdings Three Inc's highest-paid employee make?
- The highest reported compensation on Bit Holdings Three Inc's latest Form 990 is $0, paid to Christopher M Blake (Treasurer).
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Data for Bit Holdings Three Inc (EIN 52-1876490) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.