Nexus Equine Inc

Analysis

Nexus Equine Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Nexus Equine Inc reported income of $2.8m and spending of $1.0m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.8m (+135%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 386%. Over the whole period it spent 40% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Nexus Equine Inc 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 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include Lynchburg Humane Society Inc ($2.8m), Zoomontana Inc ($2.8m) and Priceless Puppy Rescue Corp ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $43k (4.3% of expenses). Other salaries and wages came to $160k. At year end it held assets of $4.2m against liabilities of $18k, net assets of $4.2m.