Nextenergy Center

Analysis

Nextenergy Center is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Nextenergy Center reported income of $4.6m and spending of $4.6m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $4.6m (+322%), an average of +43% a year. The sharpest change came in the year to September 2022, when income rose by 111%. Over the whole period it spent 126% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Nextenergy Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Bryce Canyon Natural History Association ($4.6m), Southern Alliance for Clean Energy ($4.6m) and Creo Family Office Syndicate ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $249k (5.4% of expenses). Other salaries and wages came to $665k. At year end it held assets of $5.7m against liabilities of $2.3m, net assets of $3.4m. It reported 10 employees.