Nextup Inc

Analysis

Nextup Inc is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nextup Inc reported income of $10.7m and spending of $12.9m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.5m to $10.7m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nextup Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Davidson Academy ($10.7m), The Academy of Classical Christian Studies Inc ($10.7m) and North Davis Preparatory Academy Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.2m (9.0% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $2.5m against liabilities of $1.8m, net assets of $656k. It reported 49 employees.