Next Gen Ministries Inc

Analysis

Next Gen Ministries Inc is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Gen Ministries Inc reported income of $112k and spending of $77k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $112k (+4.9%), an average of +4.9% a year. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Next Gen Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within CO. Charities of a similar size with the same main cause include Kerosene Lamp Foundation ($112k), Wild Dogs Futbol Club ($112k) and P7 Sports Academy Foundation ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.