Nest Global

Analysis

Nest Global is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Nest Global reported income of $636k and spending of $622k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $432k to $636k (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 77% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Nest Global 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 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Iraise Girls & Boys International Corporation ($635k), Vamos Outdoors Project ($636k) and Florida Elks Charities Inc ($635k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (1.9% of expenses). Other salaries and wages came to $77k. At year end it held assets of $763k against liabilities of $4,370, net assets of $759k.