Next
Next experiences significant revenue growth and maintains zero officer compensation in latest filing.
EIN: 208565593 · Seattle, WA · NTEE: X83 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $172K |
| Total Expenses | $188K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $867,000. |
| Net Assets | $739K |
| Transparency Score | 90/100 |
Is Next Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Next directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Next
Next (EIN: 208565593) is a nonprofit organization based in Seattle, WA, classified under NTEE code X83. The organization reported total revenue of $172K and total assets of $529K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Next's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Next is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $440K |
| Total Expenses | $188K |
| Surplus / Deficit | +$252K |
| Total Assets | $868K |
| Total Liabilities | $129K |
| Net Assets | $739K |
| Operating Margin | 57.2% |
| Debt-to-Asset Ratio | 14.9% |
| Months of Reserves | 55.3 months |
Financial Health Grade: A
In 2023, Next reported a surplus of $252K with revenue exceeding expenses, holds 55.3 months of operating reserves (strong position), has a debt-to-asset ratio of 14.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Next's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +151.9% | +29.3% | +31.2% |
| 2022 | -15.9% | -37.1% | +13.8% |
| 2021 | +4.2% | +8.9% | +7.5% |
| 2020 | -40.0% | -43.3% | +2.0% |
| 2019 | +54.4% | +132.2% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2008 |
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 Next with a Mission Score of 90 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, Next 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 $252K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with assets reaching over $867,000.
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 Next:
- Consistent 0% officer compensation, indicating high efficiency and mission focus.
- Significant revenue growth in 2023 (from $174,655 to $440,023), demonstrating increased support.
- Healthy financial surplus in 2023, with revenue ($440,023) significantly exceeding expenses ($188,354).
- Consistent asset growth, reaching $867,877 in 2023, indicating financial stability.
- Strong transparency through consistent IRS 990 filings.
Frequently Asked Questions about Next
Is Next a legitimate charity?
Next (EIN: 208565593) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $172K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Next spend its money?
Next directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Next tax-deductible?
Next is registered as a tax-exempt nonprofit (EIN: 208565593). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Next CEO make?
Next's highest-compensated officer earns $867,000. annually. The organization reported $172K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Next's spending goes to programs?
Next directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Next compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Next is above average for NTEE category X83 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Next located?
Next is headquartered in Seattle, Washington and files with the IRS under EIN 208565593. It is classified under NTEE code X83.
How many years of IRS 990 filings does Next have?
Next 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 $172K in total revenue.
Is Next a good charity?
Based on the provided financial data, Next appears to be a good charity. It demonstrates strong financial health, particularly in 2023 with significant revenue growth and a healthy surplus. The consistent reporting of 0% officer compensation is a major positive indicator of its commitment to its mission and efficient use of funds.
How has Next's financial health changed over time?
Next's financial health has shown fluctuations in revenue and expenses over the years, but it has consistently maintained a strong asset base. The latest filing for 2023 shows a significant positive shift with revenue more than doubling to $440,023 and expenses ($188,354) being well-controlled, leading to a substantial surplus and asset growth to $867,877.
What is Next's approach to executive compensation?
Next's approach to executive compensation is highly transparent and efficient, as it consistently reports 0% officer compensation across all 10 available IRS 990 filings. This means no officers are paid salaries by the organization, directing more funds towards its mission.
Filing History
IRS 990 filing history for Next showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Next's revenue has declined by 10%, moving from $489K to $440K. Total assets increased by 7.2% over the same period, from $809K to $868K. Total functional expenses fell by 58.7%, from $456K to $188K. In its most recent filing year (2023), Next reported a surplus of $252K, with revenue exceeding expenses. The organization holds $129K in liabilities against $868K in assets (debt-to-asset ratio: 14.9%), resulting in net assets of $739K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $440K | $188K | $868K | $129K | — | — |
| 2022 | $175K | $146K | $662K | $175K | — | View 990 |
| 2021 | $208K | $232K | $581K | $123K | — | View 990 |
| 2020 | $199K | $213K | $541K | $59K | — | View 990 |
| 2019 | $332K | $375K | $530K | $34K | — | View 990 |
| 2018 | $215K | $162K | $573K | $34K | — | View 990 |
| 2017 | $245K | $226K | $582K | $96K | — | View 990 |
| 2016 | $510K | $439K | $594K | $127K | — | View 990 |
| 2015 | $368K | $323K | $638K | $242K | — | View 990 |
| 2014 | $617K | $577K | $656K | $306K | — | View 990 |
| 2013 | $560K | $480K | $711K | $400K | — | View 990 |
| 2012 | $765K | $737K | $851K | $620K | — | View 990 |
| 2011 | $489K | $456K | $809K | $607K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $440K, expenses of $188K, and assets of $868K (revenue +151.9% year-over-year).
- 2022: Revenue of $175K, expenses of $146K, and assets of $662K (revenue -15.9% year-over-year).
- 2021: Revenue of $208K, expenses of $232K, and assets of $581K (revenue +4.2% year-over-year).
- 2020: Revenue of $199K, expenses of $213K, and assets of $541K (revenue -40.0% year-over-year).
- 2019: Revenue of $332K, expenses of $375K, and assets of $530K (revenue +54.4% year-over-year).
- 2018: Revenue of $215K, expenses of $162K, and assets of $573K (revenue -12.1% year-over-year).
- 2017: Revenue of $245K, expenses of $226K, and assets of $582K (revenue -52.0% year-over-year).
- 2016: Revenue of $510K, expenses of $439K, and assets of $594K (revenue +38.5% year-over-year).
- 2015: Revenue of $368K, expenses of $323K, and assets of $638K (revenue -40.4% year-over-year).
- 2014: Revenue of $617K, expenses of $577K, and assets of $656K (revenue +10.3% year-over-year).
- 2013: Revenue of $560K, expenses of $480K, and assets of $711K (revenue -26.8% year-over-year).
- 2012: Revenue of $765K, expenses of $737K, and assets of $851K (revenue +56.4% year-over-year).
- 2011: Revenue of $489K, expenses of $456K, and assets of $809K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Next:
Data Sources and Methodology
This transparency report for Next 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.