Is Next Worldwide Inc Legit?

Quick charity verification for Next Worldwide Inc (EIN: 203860555)

Verdict: Next Worldwide Inc shows mixed signals

40/100Mission Score
$0Revenue
$0Assets
3Red Flags
1Strengths

Red Flags

Strengths

AI Transparency Report

Next Worldwide Inc. has a concerning financial trend, with its latest filing showing $0 in revenue and assets, indicating a potential cessation of operations or a significant change in its financial status. This contrasts sharply with its historical performance, where it consistently reported revenues exceeding $1 million and substantial assets. The organization's historical filings show a pattern of expenses often exceeding revenue, such as in 2017 where expenses were $1,582,527 against revenues of $1,301,727, leading to a deficit. While the organization historically reported no officer compensation, which can be a positive sign for donor confidence, the current $0 revenue and asset status raises significant questions about its ongoing viability and transparency regarding its current operational state. Without further context on the $0 filing, it's difficult to assess current financial health or spending efficiency.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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