Gen Next Foundation

Analysis

Gen Next Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Gen Next Foundation reported income of $1.1m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 190% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gen Next Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Moving Company Dance Center ($1.1m), Sag Harbor Partnership Inc ($1.1m) and Hillbarn Theatre Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $79k (7.0% of expenses). Other salaries and wages came to $354k. At year end it held assets of $347k against liabilities of $0, net assets of $347k. It reported 1 employees.