Nextgenface Inc

Analysis

Nextgenface Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Nextgenface Inc reported income of $165k and spending of $147k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $165k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nextgenface Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Covesville Child Development Center ($165k), Wareham Area Committee for the Homeless ($165k) and Policyworks Inc ($165k).

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 $50k (34% of expenses). At year end it held assets of $892k against liabilities of $121k, net assets of $770k. It reported 1 employees.