Next Prep Kids Inc

Analysis

Next Prep Kids Inc is a registered charity in United States, based in Rolesville, NC. It received its IRS tax-exemption ruling in August 2019, 7 years ago. 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, Next Prep Kids Inc reported income of $517k and spending of $491k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $385k to $517k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Next Prep Kids Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Ashaway Ambulance Association Inc ($517k), Chittenango Child Care Center Inc ($517k) and FC Carolinas ($517k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $428k (87% of expenses). Other salaries and wages came to $1,939. At year end it held assets of $99k against liabilities of $0, net assets of $99k.