Nextpoint Home Development

Analysis

Nextpoint Home Development is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Nextpoint Home Development reported income of $288k and spending of $662k, spending 230% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $475k to $288k (-39%), an average of -9.5% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nextpoint Home Development sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NE. Charities of a similar size with the same main cause include Casa Grande Inc ($288k), Habitat for Humanity International Inc ($289k) and Redmond Elderly Housing Association ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $71k (11% of expenses). Other salaries and wages came to $34k. At year end it held assets of $5.4m against liabilities of $469k, net assets of $4.9m. It reported 2 employees.