Next Generation Education

Analysis

Next Generation Education is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Next Generation Education reported income of $13.6m and spending of $12.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $13.6m (+128%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Next Generation Education sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Legacy Traditional School Chandler ($13.6m), Intercollegiate Studies Institute Inc ($13.6m) and The Management Center ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $224k (1.8% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $3.3m against liabilities of $2.6m, net assets of $755k. It reported 53 employees.