Next Charter School

Analysis

Next Charter School is a registered charity in United States, based in Derry, NH. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Next Charter School reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.7m (+64%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Next Charter School sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NH. Charities of a similar size with the same main cause include Penimi Inc ($1.7m), Buck Vaughan Athletic Scholarship ($1.7m) and Protection of the Educational Rights of Kids ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $926k. At year end it held assets of $1.9m against liabilities of $1.5m, net assets of $435k. It reported 24 employees.