Next Generation of Giving and Philanthropy Inc

Analysis

Next Generation of Giving and Philanthropy Inc is a registered charity in United States, based in Nahant, MA. It received its IRS tax-exemption ruling in June 2009, 17 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 May 2024, Next Generation of Giving and Philanthropy Inc reported income of $58k and spending of $55k, spending 95% of its income. Across the 4 years on record, from May 2021 to May 2024, income grew from $26k to $58k (+123%), an average of +31% a year. The sharpest change came in the year to May 2023, when income rose by 2755%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Next Generation of Giving and Philanthropy Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Keystone Academy PTO ($58k), Spring Hill Education Foundation ($58k) and Northern Illinois Science Educators ($58k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 68% of the total. At year end it held assets of $3,294 against liabilities of $0, net assets of $3,294.