KW Next Gen

Analysis

KW Next Gen is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, KW Next Gen reported income of $1.6m and spending of $1.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, KW Next Gen sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Pike County Agricultural Society ($1.6m), My Fathers Storehouse ($1.6m) and Lutheran Social Services of Alaska Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 17% of the total. At year end it held assets of $3.3m against liabilities of $119k, net assets of $3.2m.