Nextech Org Inc

Analysis

Nextech Org Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 2011, 15 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nextech Org Inc reported income of $2.6m and spending of $2.0m, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.3m to $2.6m (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nextech Org Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Baltimore Electrical Joint Apprenticeship & Training Trust Fu ($2.6m), Success America ($2.6m) and Institute on Taxation and Economic Policy ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $210k (11% of expenses). Other salaries and wages came to $612k. At year end it held assets of $4.4m against liabilities of $76k, net assets of $4.3m. It reported 8 employees.