Columbus Next Generation Corporation

Analysis

Columbus Next Generation Corporation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Columbus Next Generation Corporation reported income of $2.2m and spending of $2.9m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.2m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Columbus Next Generation Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include West Street Day Care Center Inc ($2.2m), Grantmakers in the Arts ($2.2m) and Zichron Tzvi Elimelech ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $168k (5.9% of expenses). Other salaries and wages came to $100k. At year end it held assets of $5.8m against liabilities of $19k, net assets of $5.8m. It reported 2 employees.