Maker Nexus

Analysis

Maker Nexus is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maker Nexus reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $398k to $1.6m (+298%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 143%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maker Nexus sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Pike University Inc ($1.6m), Burton Foundation for Legal Achievement ($1.6m) and Mountain Oak Charter School ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $92k (6.0% of expenses). Other salaries and wages came to $738k. At year end it held assets of $1.1m against liabilities of $144k, net assets of $918k. It reported 54 employees.