Nexus Trust

Analysis

Nexus Trust is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nexus Trust reported income of $273k and spending of $252k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $252k to $273k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nexus Trust sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Oula Inc ($273k), Progress for Good Inc ($273k) and Edututor of Virginia Inc ($273k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $5.9m against liabilities of $2,500, net assets of $5.9m.