Nextcorps Inc

Analysis

Nextcorps Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 June 2023, Nextcorps Inc reported income of $14.7m and spending of $12.0m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.8m to $14.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nextcorps Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Scottsdale Arts ($14.7m), Capital Concerts Inc ($14.8m) and Institute for Operations Research and the Management Sciences ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $36.6m against liabilities of $5.6m, net assets of $31.0m.