Nxtus Inc

Analysis

Nxtus Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Nxtus Inc reported income of $973k and spending of $821k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $707k to $973k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nxtus Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KS. Charities of a similar size with the same main cause include Lawrence Partnership ($973k), Ho-Chunk Development Corp ($973k) and Everett Rotary Youth Foundation ($972k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $140k (17% of expenses). Other salaries and wages came to $147k. At year end it held assets of $700k against liabilities of $0, net assets of $700k. It reported 8 employees.