Nextgen Talent Inc

Analysis

Nextgen Talent Inc is a registered charity in United States, based in Dorchestr Ctr, MA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover employment, 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 June 2024, Nextgen Talent Inc reported income of $158k and spending of $305k, spending 193% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $411k to $158k (-62%), an average of -62% a year. The sharpest change came in the year to June 2024, when income dropped by 62%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nextgen Talent Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Southern Illinios Coal Belt Champion Community Inc ($158k), Wheeling Township Emergency Fund Inc ($158k) and The Zawadisha Fund ($158k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $105k (34% of expenses). Other salaries and wages came to $142k. At year end it held assets of $248k against liabilities of $1,563, net assets of $246k. It reported 3 employees.