Next One Up Foundation Inc

Analysis

Next One Up Foundation Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 One Up Foundation Inc reported income of $4.8m and spending of $2.3m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $868k to $4.8m (+454%), an average of +53% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 60% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Next One Up Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Big Brothers & Big Sisters of Colorado Inc ($4.8m), Positive Tomorrows Inc ($4.8m) and Boys & Girls Club of Salem Marion & Polk Counties Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $275k (12% of expenses). Other salaries and wages came to $741k. At year end it held assets of $8.8m against liabilities of $2.1m, net assets of $6.7m. It reported 13 employees.