Quick charity verification for Nextcorps Inc (EIN: 161195028)
Verdict: Nextcorps Inc appears trustworthy
85/100Mission Score
$13.6MRevenue
$40.6MAssets
1Red Flags
4Strengths
Red Flags
0% officer compensation reported across all filings for an organization of this size, which is highly unusual and may obscure actual executive remuneration or structure.
Strengths
Consistent and significant revenue growth, from $3M in 2014 to over $14M in 2023.
Strong asset accumulation, growing from $6.2M in 2014 to $36.6M in 2023.
Consistent positive net income (revenue exceeding expenses) in most years, indicating financial sustainability.
Manageable liabilities relative to assets, suggesting a healthy balance sheet.
Spending Breakdown
How Nextcorps Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Nextcorps Inc
Is Nextcorps Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nextcorps Inc (EIN: 161195028) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Nextcorps Inc a good charity to donate to?
Nextcorps Inc has a Mission Score of 85/100. Revenue: $13.6M. Assets: $40.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nextcorps Inc?
The Employer Identification Number (EIN) for Nextcorps Inc is 161195028. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Nextcorps Inc spend its money?
Nextcorps Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nextcorps Inc's tax-exempt status?
You can verify Nextcorps Inc's tax-exempt status using EIN 161195028 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Nextcorps Inc demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past decade, culminating in $14,656,839 in revenue for the period ending June 2023. The organization has also steadily built its asset base, reaching $36,635,804 in 2023, indicating sound financial management and capacity building. Their liabilities have remained manageable relative to assets, suggesting a stable financial position.
While specific program spending percentages are not detailed in the provided data, the consistent positive net income (revenue exceeding expenses) across most years, such as $2,643,606 in 2023 ($14,656,839 revenue - $12,013,233 expenses), suggests efficient operations and a focus on sustainability. The absence of reported officer compensation across all filings is a notable aspect of their transparency and could indicate a volunteer-led executive structure or that compensation is reported differently, warranting further investigation for a complete picture of spending efficiency.
Overall, Nextcorps Inc appears to be a financially robust organization with a strong track record of growth and asset accumulation. Their consistent positive financial performance and the lack of reported officer compensation contribute positively to their perceived transparency and efficiency, though a deeper dive into functional expense allocation would provide a more precise understanding of their spending efficiency.