Nexus Youth and Families

Analysis

Nexus Youth and Families is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1975, 51 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, Nexus Youth and Families reported income of $213k and spending of $282k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $213k (-96%), an average of -55% a year. The sharpest change came in the year to December 2023, when income rose by 1827%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nexus Youth and Families sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within WA. Charities of a similar size with the same main cause include Greene Alliance of Church & Community Efforts ($213k), Friends of Central Texas State Veterans Cemetery ($213k) and Wrights Human Resources and Community Development Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. At year end it held assets of $3.8m against liabilities of $2.6m, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.