Next Generation Foundation
Next Generation Foundation consistently retains significant revenue, showing strong asset growth and minimal expenses.
EIN: 141915624 · Lancaster, PA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $175K |
| Program Spending | 90% |
| Net Assets | $2.0M |
| Transparency Score | 95/100 |
Is Next Generation Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Next Generation Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Next Generation Foundation
Next Generation Foundation (EIN: 141915624) is a nonprofit organization based in Lancaster, PA, classified under NTEE code T22. The organization reported total revenue of $3.8M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Next Generation Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Next Generation Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $586K |
| Total Expenses | $175K |
| Surplus / Deficit | +$411K |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | 70.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 134.3 months |
Financial Health Grade: A
In 2023, Next Generation Foundation reported a surplus of $411K with revenue exceeding expenses, holds 134.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Next Generation Foundation's revenue has grown at a compound annual growth rate (CAGR) of 25.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.7% | +157.1% | +11.2% |
| 2022 | -5.7% | -59.1% | +26.1% |
| 2021 | +82.6% | +58.1% | +15.6% |
| 2020 | -21.4% | -6.3% | +29.0% |
| 2019 | +301.6% | +203.3% | +137.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Generation Foundation with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Next Generation Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $411K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating that no officers are receiving salaries, which is highly unusual for an organization of this size and revenue, suggesting a volunteer-led or externally funded leadership model.
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 Generation Foundation's IRS 990 filings:
- Consistent 0% officer compensation, which, while positive for efficiency, can sometimes indicate a lack of transparency if key personnel are compensated through other means not reported on the 990, or an unsustainable reliance on volunteer leadership for an organization of this scale.
Strengths
The following positive indicators were identified for Next Generation Foundation:
- Exceptional financial health with consistently low expenses relative to revenue (e.g., 2023 expenses were $175,295 against $586,336 revenue).
- Strong and consistent asset growth over the past decade, reaching $1,961,966 in 2023.
- Zero reported officer compensation across all filings, indicating a high dedication to minimizing administrative costs.
- Very low liabilities, often reported as $1, signifying strong financial stability.
- Significant revenue growth over time, demonstrating increasing support and fundraising success.
Frequently Asked Questions about Next Generation Foundation
Is Next Generation Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Next Generation Foundation (EIN: 141915624) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Next Generation Foundation spend its money?
Next Generation Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Next Generation Foundation tax-deductible?
Next Generation Foundation is registered as a tax-exempt nonprofit (EIN: 141915624). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Next Generation Foundation's spending goes to programs?
Next Generation Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Next Generation Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Next Generation Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Next Generation Foundation located?
Next Generation Foundation is headquartered in Lancaster, Pennsylvania and files with the IRS under EIN 141915624. It is classified under NTEE code T22.
How many years of IRS 990 filings does Next Generation Foundation have?
Next Generation Foundation has 10 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 $3.8M in total revenue.
Is Next Generation Foundation a good charity?
Based on the provided data, Next Generation Foundation appears to be a very good charity. They demonstrate exceptional financial health, strong revenue growth, and extremely low expenses relative to their income. The consistent 0% officer compensation is a significant positive indicator of their commitment to directing funds towards their mission.
How has Next Generation Foundation's revenue grown over time?
Next Generation Foundation has experienced substantial revenue growth, increasing from $38,910 in 2011 to $586,336 in 2023, with a peak of $815,659 in 2021. This indicates successful fundraising and increasing support for their activities.
What is Next Generation Foundation's asset growth trend?
The organization's assets have shown consistent and significant growth, from $272,610 in 2011 to $1,961,966 in 2023, demonstrating strong financial management and accumulation of resources.
Filing History
IRS 990 filing history for Next Generation Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Next Generation Foundation's revenue has grown by 1406.9%, moving from $39K to $586K. Total assets increased by 619.7% over the same period, from $273K to $2.0M. Total functional expenses rose by 977.4%, from $16K to $175K. In its most recent filing year (2023), Next Generation Foundation reported a surplus of $411K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $586K | $175K | $2.0M | $1 | — | — |
| 2022 | $769K | $68K | $1.8M | $1 | — | View 990 |
| 2021 | $816K | $167K | $1.4M | $24K | — | View 990 |
| 2020 | $447K | $105K | $1.2M | $1 | — | — |
| 2019 | $569K | $112K | $938K | $1 | — | View 990 |
| 2015 | $142K | $37K | $395K | $12K | — | View 990 |
| 2014 | $151K | $35K | $427K | $12K | — | View 990 |
| 2013 | $84K | $27K | $344K | $18K | — | View 990 |
| 2012 | $45K | $18K | $297K | $16K | — | View 990 |
| 2011 | $39K | $16K | $273K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $586K, expenses of $175K, and assets of $2.0M (revenue -23.7% year-over-year).
- 2022: Revenue of $769K, expenses of $68K, and assets of $1.8M (revenue -5.7% year-over-year).
- 2021: Revenue of $816K, expenses of $167K, and assets of $1.4M (revenue +82.6% year-over-year).
- 2020: Revenue of $447K, expenses of $105K, and assets of $1.2M (revenue -21.4% year-over-year).
- 2019: Revenue of $569K, expenses of $112K, and assets of $938K (revenue +301.6% year-over-year).
- 2015: Revenue of $142K, expenses of $37K, and assets of $395K (revenue -6.2% year-over-year).
- 2014: Revenue of $151K, expenses of $35K, and assets of $427K (revenue +80.1% year-over-year).
- 2013: Revenue of $84K, expenses of $27K, and assets of $344K (revenue +88.1% year-over-year).
- 2012: Revenue of $45K, expenses of $18K, and assets of $297K (revenue +14.4% year-over-year).
- 2011: Revenue of $39K, expenses of $16K, and assets of $273K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Next Generation Foundation:
Data Sources and Methodology
This transparency report for Next Generation Foundation 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.