Nextop Inc

Analysis

Nextop Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover public and societal 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, Nextop Inc reported income of $1.8m and spending of $1.3m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $922k to $1.8m (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nextop Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Southern Nevada Sandpipers Swimming Booster Club Inc ($1.8m), St Elizabeth Seton Childrens Foundation Ltd ($1.8m) and Vermont Association of Conservation Districts ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $175k (13% of expenses). Other salaries and wages came to $821k. At year end it held assets of $788k against liabilities of $55k, net assets of $733k. It reported 12 employees.