Nextstage

Analysis

Nextstage is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2021, 5 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, Nextstage reported income of $1.1m and spending of $861k, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.3m to $1.1m (-54%), an average of -23% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nextstage sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Tabernacle Community Development Corporation ($1.1m), Front Porch Alliance-Kansas City Inc ($1.1m) and Greater Wilkes-Barre Chamber of Business & Industry ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $242k (28% of expenses). At year end it held assets of $5.5m against liabilities of $2.9m, net assets of $2.6m. It reported 5 employees.