Nextmark Foundation Inc

Analysis

Nextmark Foundation Inc is a registered charity in United States, based in Scotch Plains, NJ. It received its IRS tax-exemption ruling in December 2017, 9 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, Nextmark Foundation Inc reported income of $192k and spending of $98k, leaving 49% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $267k to $192k (-28%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nextmark Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Highland Park Cheerleading Booster Club Inc ($192k), Peace & Friendship Society of Central Florida Inc ($192k) and Raleigh Academy of Chinese Language ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $32k (32% of expenses). At year end it held assets of $839k against liabilities of $0, net assets of $839k. It reported 3 employees.