Nextbook Inc

Analysis

Nextbook Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Nextbook Inc reported income of $8.4m and spending of $7.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $8.4m (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Nextbook Inc 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 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Oneshare International ($8.4m), Friends of Agape Inc ($8.5m) and Lighthouse Catholic Media NFP ($8.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $944k (12% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.5m against liabilities of $286k, net assets of $1.2m. It reported 20 employees.