Nexstar Legacy Foundation Inc
Nexstar Legacy Foundation Inc shows strong financial growth and zero executive compensation.
EIN: 203547319 · Bloomington, MN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $637K |
| Program Spending | 85% |
| Net Assets | $2.2M |
| Transparency Score | 92/100 |
Is Nexstar Legacy Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nexstar Legacy Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nexstar Legacy Foundation Inc
Nexstar Legacy Foundation Inc (EIN: 203547319) is a nonprofit organization based in Bloomington, MN, classified under NTEE code B82. The organization reported total revenue of $1.3M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nexstar Legacy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nexstar Legacy Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $637K |
| Surplus / Deficit | +$618K |
| Total Assets | $2.3M |
| Total Liabilities | $59K |
| Net Assets | $2.2M |
| Operating Margin | 49.2% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 42.5 months |
Financial Health Grade: A
In 2023, Nexstar Legacy Foundation Inc reported a surplus of $618K with revenue exceeding expenses, holds 42.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nexstar Legacy Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +142.4% | +48.5% | +55.9% |
| 2022 | +95.0% | +76.7% | -4.2% |
| 2021 | -53.8% | +10.4% | +2.8% |
| 2020 | +39.6% | -32.2% | +37.6% |
| 2019 | -37.9% | +37.1% | +16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nexstar Legacy Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Nexstar Legacy Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $618K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive indicator for a nonprofit of its size, suggesting a strong commitment to directing resources towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Nexstar Legacy Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and mission focus.
- Strong and consistent growth in assets, from $290,967 in 2016 to $2,255,099 in 2023.
- Significant revenue growth, especially in the latest filing period (2023 revenue of $1,255,516).
- Healthy financial surpluses in recent years, demonstrating strong financial management.
- Low liabilities relative to assets, indicating financial stability (e.g., $59,235 liabilities vs. $2,255,099 assets in 2023).
Frequently Asked Questions about Nexstar Legacy Foundation Inc
Is Nexstar Legacy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nexstar Legacy Foundation Inc (EIN: 203547319) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Nexstar Legacy Foundation Inc spend its money?
Nexstar Legacy Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nexstar Legacy Foundation Inc tax-deductible?
Nexstar Legacy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203547319). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nexstar Legacy Foundation Inc's spending goes to programs?
Nexstar Legacy Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nexstar Legacy Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Nexstar Legacy Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nexstar Legacy Foundation Inc located?
Nexstar Legacy Foundation Inc is headquartered in Bloomington, Minnesota and files with the IRS under EIN 203547319. It is classified under NTEE code B82.
How many years of IRS 990 filings does Nexstar Legacy Foundation Inc have?
Nexstar Legacy Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Is Nexstar Legacy Foundation Inc a good charity?
Based on the provided financial data, Nexstar Legacy Foundation Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a notable commitment to its mission by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has shown substantial growth, particularly from $265,644 in 2021 to $1,255,516 in 2023. Assets have also grown robustly from $290,967 in 2016 to $2,255,099 in 2023, indicating strong financial management and sustainability.
What is the trend in revenue and expenses?
Revenue has generally trended upwards, with a significant jump in the latest period (2023) to over $1.2 million. Expenses have also increased but at a slower rate, leading to substantial surpluses in recent years, such as in 2023 where revenue ($1,255,516) significantly exceeded expenses ($637,394).
Filing History
IRS 990 filing history for Nexstar Legacy Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nexstar Legacy Foundation Inc's revenue has grown by 1094%, moving from $105K to $1.3M. Total assets increased by 816.1% over the same period, from $246K to $2.3M. Total functional expenses rose by 452.6%, from $115K to $637K. In its most recent filing year (2023), Nexstar Legacy Foundation Inc reported a surplus of $618K, with revenue exceeding expenses. The organization holds $59K in liabilities against $2.3M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $637K | $2.3M | $59K | — | — |
| 2022 | $518K | $429K | $1.4M | $32K | — | View 990 |
| 2021 | $266K | $243K | $1.5M | $37K | — | View 990 |
| 2020 | $575K | $220K | $1.5M | $20K | — | — |
| 2019 | $412K | $325K | $1.1M | $23K | — | View 990 |
| 2018 | $664K | $237K | $918K | $20K | — | View 990 |
| 2017 | $515K | $320K | $520K | $20K | — | View 990 |
| 2016 | $365K | $369K | $291K | $41K | — | View 990 |
| 2015 | $314K | $333K | $287K | $20K | — | View 990 |
| 2014 | $362K | $366K | $340K | $45K | — | View 990 |
| 2013 | $368K | $304K | $406K | $101K | — | View 990 |
| 2012 | $180K | $134K | $258K | $21K | — | View 990 |
| 2011 | $105K | $115K | $246K | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $637K, and assets of $2.3M (revenue +142.4% year-over-year).
- 2022: Revenue of $518K, expenses of $429K, and assets of $1.4M (revenue +95.0% year-over-year).
- 2021: Revenue of $266K, expenses of $243K, and assets of $1.5M (revenue -53.8% year-over-year).
- 2020: Revenue of $575K, expenses of $220K, and assets of $1.5M (revenue +39.6% year-over-year).
- 2019: Revenue of $412K, expenses of $325K, and assets of $1.1M (revenue -37.9% year-over-year).
- 2018: Revenue of $664K, expenses of $237K, and assets of $918K (revenue +29.0% year-over-year).
- 2017: Revenue of $515K, expenses of $320K, and assets of $520K (revenue +41.3% year-over-year).
- 2016: Revenue of $365K, expenses of $369K, and assets of $291K (revenue +16.1% year-over-year).
- 2015: Revenue of $314K, expenses of $333K, and assets of $287K (revenue -13.2% year-over-year).
- 2014: Revenue of $362K, expenses of $366K, and assets of $340K (revenue -1.8% year-over-year).
- 2013: Revenue of $368K, expenses of $304K, and assets of $406K (revenue +104.9% year-over-year).
- 2012: Revenue of $180K, expenses of $134K, and assets of $258K (revenue +70.9% year-over-year).
- 2011: Revenue of $105K, expenses of $115K, and assets of $246K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nexstar Legacy Foundation Inc:
Data Sources and Methodology
This transparency report for Nexstar Legacy Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.