Nexstar Legacy Foundation Inc

Analysis

Nexstar Legacy Foundation Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Nexstar Legacy Foundation Inc reported income of $1.3m and spending of $637k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $1.3m (+205%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nexstar Legacy Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include American Friends of the Alexander Von Humboldt Foundation ($1.3m), International Association of Women Judges ($1.3m) and Kodomono Kuni Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $100k (16% of expenses). Other salaries and wages came to $74k. At year end it held assets of $2.3m against liabilities of $59k, net assets of $2.2m.