Next Chapter Foundation

Analysis

Next Chapter Foundation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Next Chapter Foundation reported income of $522k and spending of $460k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $405k to $522k (+29%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Next Chapter Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Teamster Retiree Housing of Minneapolis Incorporated ($522k), Wesley Stage Park Inc ($522k) and Florida Non-Profit Services Inc ($522k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $100k (22% of expenses). Other salaries and wages came to $61k. At year end it held assets of $2.6m against liabilities of $2.5m, net assets of $160k. It reported 2 employees.