Next Generation Scholars Inc
EIN: 261110584 · San Rafael, CA · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $1.3M |
| Net Assets | $883K |
Is Next Generation Scholars Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Next Generation Scholars Inc
Next Generation Scholars Inc (EIN: 261110584) is a nonprofit organization based in San Rafael, CA, classified under NTEE code B90. The organization reported total revenue of $3.7M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Next Generation Scholars Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Next Generation Scholars Inc is a mid-size 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 17.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-138,643 |
| Total Assets | $1.0M |
| Total Liabilities | $149K |
| Net Assets | $883K |
| Operating Margin | -11.6% |
| Debt-to-Asset Ratio | 14.5% |
| Months of Reserves | 9.3 months |
Financial Health Grade: B
In 2023, Next Generation Scholars Inc reported a deficit of $139K with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 14.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Next Generation Scholars Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.7% | +9.5% | -5.0% |
| 2022 | +223.7% | +10.8% | +13.8% |
| 2021 | -75.1% | +21.3% | -30.2% |
| 2020 | +120.1% | +17.4% | +178.2% |
| 2019 | -1.4% | +42.1% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Next Generation Scholars Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Next Generation Scholars Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $139K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.5%.
Frequently Asked Questions about Next Generation Scholars Inc
Is Next Generation Scholars Inc a legitimate charity?
Next Generation Scholars Inc (EIN: 261110584) is a registered tax-exempt nonprofit based in California. It has 13 years of IRS 990 filings on record. Total revenue: $3.7M. No red flags identified. Financial health grade: B.
How does Next Generation Scholars Inc spend its money?
Next Generation Scholars Inc reported $3.7M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Next Generation Scholars Inc tax-deductible?
Next Generation Scholars Inc is registered as a tax-exempt nonprofit (EIN: 261110584). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Next Generation Scholars Inc located?
Next Generation Scholars Inc is headquartered in San Rafael, California and files with the IRS under EIN 261110584. It is classified under NTEE code B90.
How many years of IRS 990 filings does Next Generation Scholars Inc have?
Next Generation Scholars 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 $3.7M in total revenue.
Filing History
IRS 990 filing history for Next Generation Scholars Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Next Generation Scholars Inc's revenue has grown by 624.9%, moving from $165K to $1.2M. Total assets increased by 3624% over the same period, from $28K to $1.0M. Total functional expenses rose by 824.7%, from $144K to $1.3M. In its most recent filing year (2023), Next Generation Scholars Inc reported a deficit of $139K, with expenses exceeding revenue. The organization holds $149K in liabilities against $1.0M in assets (debt-to-asset ratio: 14.5%), resulting in net assets of $883K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $1.0M | $149K | — | — |
| 2022 | $1.4M | $1.2M | $1.1M | $65K | — | View 990 |
| 2021 | $444K | $1.1M | $955K | $151K | — | View 990 |
| 2020 | $1.8M | $908K | $1.4M | $14K | — | View 990 |
| 2019 | $809K | $774K | $492K | $10K | — | View 990 |
| 2018 | $821K | $544K | $436K | $1K | — | View 990 |
| 2017 | $548K | $537K | $165K | $7K | — | View 990 |
| 2016 | $498K | $477K | $149K | $3K | — | View 990 |
| 2015 | $408K | $390K | $128K | $3K | — | View 990 |
| 2014 | $391K | $345K | $109K | $3K | — | View 990 |
| 2013 | $274K | $293K | $62K | $3K | — | View 990 |
| 2012 | $267K | $225K | $82K | $3K | — | View 990 |
| 2011 | $165K | $144K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $1.0M (revenue -16.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.2M, and assets of $1.1M (revenue +223.7% year-over-year).
- 2021: Revenue of $444K, expenses of $1.1M, and assets of $955K (revenue -75.1% year-over-year).
- 2020: Revenue of $1.8M, expenses of $908K, and assets of $1.4M (revenue +120.1% year-over-year).
- 2019: Revenue of $809K, expenses of $774K, and assets of $492K (revenue -1.4% year-over-year).
- 2018: Revenue of $821K, expenses of $544K, and assets of $436K (revenue +49.7% year-over-year).
- 2017: Revenue of $548K, expenses of $537K, and assets of $165K (revenue +10.1% year-over-year).
- 2016: Revenue of $498K, expenses of $477K, and assets of $149K (revenue +22.0% year-over-year).
- 2015: Revenue of $408K, expenses of $390K, and assets of $128K (revenue +4.3% year-over-year).
- 2014: Revenue of $391K, expenses of $345K, and assets of $109K (revenue +42.8% year-over-year).
- 2013: Revenue of $274K, expenses of $293K, and assets of $62K (revenue +2.8% year-over-year).
- 2012: Revenue of $267K, expenses of $225K, and assets of $82K (revenue +61.4% year-over-year).
- 2011: Revenue of $165K, expenses of $144K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Next Generation Scholars Inc:
Data Sources and Methodology
This transparency report for Next Generation Scholars 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.