Nextgen Education Fund

Analysis

Nextgen Education Fund is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Nextgen Education Fund reported income of $12.9m and spending of $9.1m, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $725k to $12.9m (+1673%), an average of +321% a year. The sharpest change came in the year to December 2022, when income rose by 857%. Over the whole period it spent 51% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Nextgen Education Fund sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include New York Civil Liberties Union Foundation ($12.8m), Nevada Bar Foundation ($12.9m) and Childrens Law Center Incorporated ($12.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $10.3m against liabilities of $125k, net assets of $10.2m.