Nexus Education Foundation Inc

Analysis

Nexus Education Foundation Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Nexus Education Foundation Inc reported income of $154k and spending of $130k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $208k to $154k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Nexus Education Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Urban Light Ministries Incorporated ($154k), Ministere Haitien Zanmi Kris Yo Inc ($154k) and Shine International Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $22k (17% of expenses). At year end it held assets of $188k against liabilities of $1,129, net assets of $186k.