Digital Nest Inc

Analysis

Digital Nest Inc is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Digital Nest Inc reported income of $8.9m and spending of $4.3m, leaving 51% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $8.9m (+319%), an average of +61% a year. The sharpest change came in the year to June 2023, when income rose by 256%. Over the whole period it spent 70% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Digital Nest Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include America Scores New England ($8.8m), Girl Scouts in the Heart of Pennsylvania ($8.9m) and Girl Scouts of Northeast Kansas and Northwest Missouri Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $365k (8.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $9.3m against liabilities of $1.3m, net assets of $8.1m. It reported 103 employees.