Nexus Inc

Analysis

Nexus Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in August 1973, 53 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2024, Nexus Inc reported income of $6.7m and spending of $6.8m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.2m to $6.7m (+59%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nexus Inc 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 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Eliza Jennings Senior Care Network ($6.7m), Common Sense Society ($6.7m) and West Texas Lighthouse for the Blind ($6.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 8.7% of the total. Other salaries and wages came to $5.5m. At year end it held assets of $4.0m against liabilities of $2.6m, net assets of $1.4m. It reported 115 employees.