Next 18 Inc

Analysis

Next 18 Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 18 Inc reported income of $247k and spending of $190k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $247k (+163%), an average of +163% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Next 18 Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within WI. Charities of a similar size with the same main cause include Hastings Good Samaritan Housing Inc ($247k), Labette County Emergency Assistance ($247k) and Paton-Churdan Early Learning Center ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $84k against liabilities of $75, net assets of $84k.