Grupo Nexos Inc

Analysis

Grupo Nexos Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Grupo Nexos Inc reported income of $10.3m and spending of $9.5m, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $3.4m to $10.3m (+201%), an average of +201% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grupo Nexos Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 92nd percentile within PR. Charities of a similar size with the same main cause include American Council on Renewable Energy-Acore ($10.2m), Japan Society Inc ($10.3m) and Geoscienceworld ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. At year end it held assets of $6.1m against liabilities of $5.2m, net assets of $883k.