Nexus-Kindred Family Healing

Analysis

Nexus-Kindred Family Healing is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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-Kindred Family Healing reported income of $5.5m and spending of $5.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.2m to $5.5m (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2020, when income dropped by 15%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nexus-Kindred Family Healing sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Exchange Club-Carl Perkins Center for the Prevention of Child Abuse ($5.5m), Spectrum Growth Inc ($5.5m) and Lakeside Community Committee ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $408k (7.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.2m against liabilities of $3.9m, net assets of -$2.8m. It reported 53 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.