Next Child Fund Inc
Next Child Fund Inc. shows fluctuating revenue but consistent zero officer compensation and strong asset base.
EIN: 204920014 · Charleston, SC · NTEE: P11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $820K |
| Total Expenses | $200K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $4.4M |
| Transparency Score | 85/100 |
Is Next Child Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Next Child Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Next Child Fund Inc
Next Child Fund Inc (EIN: 204920014) is a nonprofit organization based in Charleston, SC, classified under NTEE code P11. The organization reported total revenue of $820K and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Next Child Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Next Child Fund Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $860K |
| Total Expenses | $200K |
| Surplus / Deficit | +$660K |
| Total Assets | $4.4M |
| Total Liabilities | $4K |
| Net Assets | $4.4M |
| Operating Margin | 76.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 265.3 months |
Financial Health Grade: A
In 2024, Next Child Fund Inc reported a surplus of $660K with revenue exceeding expenses, holds 265.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Next Child Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +349.0% | -13.0% | +9.2% |
| 2023 | +16.0% | -21.9% | -10.3% |
| 2022 | -26.6% | -61.3% | -2.6% |
| 2021 | -44.6% | +2.1% | +3.8% |
| 2020 | -10.3% | -26.1% | -16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Child Fund Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Next Child Fund Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $660K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through non-officer channels, which is highly unusual for an organization with assets exceeding $4 million.
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.
Red Flags
The following concerns were identified during AI analysis of Next Child Fund Inc's IRS 990 filings:
- Significant year-over-year fluctuations in revenue and expenses, indicating potential instability or reliance on unpredictable funding sources.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Next Child Fund Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency and dedication of resources to mission.
- Robust asset base, currently at $4,424,119, providing financial stability.
- Positive net income in the latest filing (202403), with revenue of $860,068 exceeding expenses of $199,675.
Frequently Asked Questions about Next Child Fund Inc
Is Next Child Fund Inc a legitimate charity?
Next Child Fund Inc (EIN: 204920014) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $820K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Next Child Fund Inc spend its money?
Next Child Fund Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Next Child Fund Inc tax-deductible?
Next Child Fund Inc is registered as a tax-exempt nonprofit (EIN: 204920014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Next Child Fund Inc CEO make?
Next Child Fund Inc's highest-compensated officer earns $4 annually. The organization reported $820K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Next Child Fund Inc's spending goes to programs?
Next Child Fund Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Next Child Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Next Child Fund Inc is above average for NTEE category P11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Next Child Fund Inc located?
Next Child Fund Inc is headquartered in Charleston, South Carolina and files with the IRS under EIN 204920014. It is classified under NTEE code P11.
How many years of IRS 990 filings does Next Child Fund Inc have?
Next Child Fund 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 $820K in total revenue.
Why does Next Child Fund Inc. report zero officer compensation despite significant assets?
The consistent reporting of 0% officer compensation across all 13 filings suggests that the organization's leadership may be entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, which is a notable practice for an organization with assets over $4 million.
What caused the significant fluctuations in annual revenue and expenses?
Revenue has varied wildly, from a high of $2,674,830 in 201803 to a low of $129,991 in 201603. Similarly, expenses have ranged from $1,005,308 in 201903 to $173,205 in 201603. Understanding the drivers behind these large swings, such as specific grants, campaigns, or program changes, would provide insight into operational stability.
How does Next Child Fund Inc. manage its substantial assets of $4,424,119?
With assets consistently over $3 million, and currently at $4,424,119, understanding the investment strategy and how these assets contribute to the organization's mission is crucial, especially given the fluctuating operational revenues.
Filing History
IRS 990 filing history for Next Child Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Next Child Fund Inc's revenue has grown by 568.4%, moving from $129K to $860K. Total assets increased by 31.3% over the same period, from $3.4M to $4.4M. Total functional expenses rose by 2.2%, from $195K to $200K. In its most recent filing year (2024), Next Child Fund Inc reported a surplus of $660K, with revenue exceeding expenses. The organization holds $4K in liabilities against $4.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $860K | $200K | $4.4M | $4K | — | View 990 |
| 2023 | $192K | $229K | $4.0M | $1K | — | View 990 |
| 2022 | $165K | $294K | $4.5M | $0 | — | View 990 |
| 2021 | $225K | $758K | $4.6M | $0 | — | View 990 |
| 2020 | $406K | $743K | $4.5M | $0 | — | View 990 |
| 2019 | $453K | $1.0M | $5.3M | $0 | — | View 990 |
| 2018 | $2.7M | $2.4M | $6.0M | $0 | — | — |
| 2017 | $2.3M | $396K | $5.5M | $0 | — | View 990 |
| 2016 | $130K | $173K | $3.3M | $2K | — | View 990 |
| 2015 | $189K | $276K | $3.6M | $2K | — | View 990 |
| 2014 | $206K | $176K | $3.7M | $2K | — | View 990 |
| 2013 | $139K | $169K | $3.5M | $0 | — | View 990 |
| 2012 | $129K | $195K | $3.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $860K, expenses of $200K, and assets of $4.4M (revenue +349.0% year-over-year).
- 2023: Revenue of $192K, expenses of $229K, and assets of $4.0M (revenue +16.0% year-over-year).
- 2022: Revenue of $165K, expenses of $294K, and assets of $4.5M (revenue -26.6% year-over-year).
- 2021: Revenue of $225K, expenses of $758K, and assets of $4.6M (revenue -44.6% year-over-year).
- 2020: Revenue of $406K, expenses of $743K, and assets of $4.5M (revenue -10.3% year-over-year).
- 2019: Revenue of $453K, expenses of $1.0M, and assets of $5.3M (revenue -83.1% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.4M, and assets of $6.0M (revenue +15.5% year-over-year).
- 2017: Revenue of $2.3M, expenses of $396K, and assets of $5.5M (revenue +1681.3% year-over-year).
- 2016: Revenue of $130K, expenses of $173K, and assets of $3.3M (revenue -31.3% year-over-year).
- 2015: Revenue of $189K, expenses of $276K, and assets of $3.6M (revenue -8.3% year-over-year).
- 2014: Revenue of $206K, expenses of $176K, and assets of $3.7M (revenue +48.4% year-over-year).
- 2013: Revenue of $139K, expenses of $169K, and assets of $3.5M (revenue +8.0% year-over-year).
- 2012: Revenue of $129K, expenses of $195K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Next Child Fund Inc:
Data Sources and Methodology
This transparency report for Next Child Fund 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.