Nexus Foundation for Family Healing

Analysis

Nexus Foundation for Family Healing is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nexus Foundation for Family Healing reported income of $1.5m and spending of $1.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nexus Foundation for Family Healing 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 83rd percentile within MN. Charities of a similar size with the same main cause include Georgetown Child Development Center ($1.5m), Kid Pack Inc ($1.5m) and Silverton Area Community Aid Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $794k. At year end it held assets of $1.9m against liabilities of $254k, net assets of $1.7m.