Nextgen Aaa Foundation

Analysis

Nextgen Aaa Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Nextgen Aaa Foundation reported income of $180k and spending of $170k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $303k to $180k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nextgen Aaa Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Barclay Farm Aquatics Team ($180k), Big Valley Water Polo Academy ($180k) and Cerritos Aquatic Club ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.