Nextmax Inc

Analysis

Nextmax Inc is a registered charity in United States, based in Benton, KY. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Nextmax Inc reported income of $78k and spending of $1.6m, spending 2102% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $404k to $78k (-81%), an average of -34% a year. The sharpest change came in the year to December 2022, when income rose by 669%. Over the whole period it spent 543% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nextmax Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within KY. Charities of a similar size with the same main cause include Little League Baseball Inc ($78k), Olivet Blue Mountain Camp Inc ($78k) and Tri-City Soccer Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of -$41k against liabilities of $8.7m, net assets of -$8.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.