Nexus Community Partners

Analysis

Nexus Community Partners is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Nexus Community Partners reported income of $54.2m and spending of $14.8m, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $54.2m (+1173%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 1510%. Over the whole period it spent 39% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nexus Community Partners sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Jgive-Friends of Asor Fund USA Inc ($53.6m), Spartanburg County Foundation ($54.2m) and Community Foundation of Jackson Hole ($53.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $775k (5.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $51.5m against liabilities of $858k, net assets of $50.7m. It reported 33 employees.