Next Generation Scholars Inc

Analysis

Next Generation Scholars Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in July 2008, 18 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 June 2023, Next Generation Scholars Inc reported income of $1.2m and spending of $1.3m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $809k to $1.2m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 224%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Next Generation Scholars Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Corolla Education Foundation ($1.2m), Big Sur Charter School ($1.2m) and Every Child Has Opportunities Charter School ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $155k (12% of expenses). Other salaries and wages came to $526k. At year end it held assets of $1.0m against liabilities of $149k, net assets of $883k. It reported 8 employees.