Next Generation in Trucking Foundation

Analysis

Next Generation in Trucking Foundation is a registered charity in United States, based in Prospect, KY. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Generation in Trucking Foundation reported income of $52k and spending of $157k, spending 299% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $173k to $52k (-70%), an average of -70% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Next Generation in Trucking Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within KY. Charities of a similar size with the same main cause include Prince Georges Heritage Inc ($52k), Norwalk Schools Music Boosters ($52k) and PTA Texas Congress ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.