Nextgen Network Inc

Analysis

Nextgen Network Inc is a registered charity in United States, based in Oxon Hill, MD. It received its IRS tax-exemption ruling in April 2000, 26 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 December 2023, Nextgen Network Inc reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $735k to $1.4m (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nextgen Network Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Red Door Early Learning Center Inc ($1.4m), Commission on Accreditation for Pre-Hospital Continuing Education ($1.4m) and Williamsburg Neighborhood Nursery School ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $634k against liabilities of $39k, net assets of $594k.