Nexuspark Community Development Corporation

Analysis

Nexuspark Community Development Corporation is a registered charity in United States, based in Columbus, IN. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Nexuspark Community Development Corporation reported income of $841k and spending of $170k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $841k (+502%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 279%. Over the whole period it spent 367% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nexuspark Community Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Housing Solutions of Greene County Inc ($841k), Blue Ridge Opportunity Services Inc ($842k) and Jamaica Center Improvement ($841k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 137% of the total. At year end it held assets of $1.3m against liabilities of $240k, net assets of $1.1m.