Next Century Inc

Analysis

Next Century Inc is a registered charity in United States, based in Milton, PA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Next Century Inc reported income of $780k and spending of $751k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $780k (+84%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Next Century Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Salisbury Neighborhood Housing Service Inc ($780k), Formerly Incarcerated College Graduates Network ($780k) and Journal Square Special Improvement District Management Corporation ($780k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $641k. At year end it held assets of $269k against liabilities of $50k, net assets of $219k. It reported 45 employees.