Nextep Charitable Foundation

Analysis

Nextep Charitable Foundation is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Nextep Charitable Foundation reported income of $101k and spending of $101k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $101k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nextep Charitable Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within OK. Charities of a similar size with the same main cause include Communities Revolutionizing Open Public Spaces ($101k), Somerset Gables Parents Association Inc ($101k) and Rebuilding Dreams Foundation Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $51k against liabilities of $1,352, net assets of $50k.