Next Door Foundation Inc

Analysis

Next Door Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Next Door Foundation Inc reported income of $27.0m and spending of $25.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.1m to $27.0m (+7.9%), an average of +1.9% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Next Door Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Sugar Bowl Louisiana Superdome ($27.0m), USA Gymnastics ($27.6m) and East Carolina University Educational Foundation Inc ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $384k (1.5% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $18.0m against liabilities of $4.3m, net assets of $13.7m. It reported 301 employees.