Next Worldwide Inc

Next Worldwide Inc. reports $0 revenue and assets in latest filing, signaling potential operational halt.

EIN: 203860555 · Flower Mound, TX · Updated: 2026-03-28

$0Revenue

$0Assets

40/100Mission Score (Fair)

Is Next Worldwide Inc Legit?

Significant Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

ModerateTransparency

3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Next Worldwide Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Next Worldwide Inc

Next Worldwide Inc (EIN: 203860555) is a nonprofit organization based in Flower Mound, TX. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Next Worldwide Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Next Worldwide Inc. has a concerning financial trend, with its latest filing showing $0 in revenue and assets, indicating a potential cessation of operations or a significant change in its financial status. This contrasts sharply with its historical performance, where it consistently reported revenues exceeding $1 million and substantial assets. The organization's historical filings show a pattern of expenses often exceeding revenue, such as in 2017 where expenses were $1,582,527 against revenues of $1,301,727, leading to a deficit. While the organization historically reported no officer compensation, which can be a positive sign for donor confidence, the current $0 revenue and asset status raises significant questions about its ongoing viability and transparency regarding its current operational state. Without further context on the $0 filing, it's difficult to assess current financial health or spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Next Worldwide Inc with a Mission Score of 40 out of 100 (Fair). 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: 75%
fundraising: 10%

According to IRS 990 filings, Next Worldwide Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Historically, Next Worldwide Inc. reported 0% officer compensation across all available filings, suggesting that its leadership was either unpaid or compensated through other means not reported as officer compensation on the 990, which is unusual for an organization of its former size.

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 Worldwide Inc's IRS 990 filings:

Latest filing shows $0 revenue and assets, indicating potential cessation of operations.
Consistent historical pattern of expenses exceeding revenue (e.g., 2017, 2016).
Lack of clarity regarding the sudden financial collapse from multi-million dollar operations to zero.

Strengths

The following positive indicators were identified for Next Worldwide Inc:

Historically reported 0% officer compensation, suggesting a commitment to minimizing administrative overhead in that area.

Frequently Asked Questions about Next Worldwide Inc

Is Next Worldwide Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Next Worldwide Inc (EIN: 203860555) significant concerns. Mission Score: 40/100. 3 red flags identified, 1 strength noted.

How does Next Worldwide Inc spend its money?

Next Worldwide Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Next Worldwide Inc tax-deductible?

Next Worldwide Inc is registered as a tax-exempt nonprofit (EIN: 203860555). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Next Worldwide Inc. still operational given its latest $0 revenue and asset filing?

The latest IRS 990 filing showing $0 in revenue and assets strongly suggests that Next Worldwide Inc. may no longer be operational or has undergone a significant restructuring. Further investigation into their current status is warranted.

What caused the significant decline from over $1 million in revenue to $0?

The IRS 990 data alone does not provide the reason for the drastic decline in revenue and assets. This would require reviewing other public statements, news, or contacting the organization directly.

How did Next Worldwide Inc. manage to operate with expenses often exceeding revenue in prior years?

In prior years, Next Worldwide Inc. frequently reported expenses exceeding revenue (e.g., 2017 expenses of $1,582,527 vs. revenue of $1,301,727). This could be sustained temporarily through drawing down assets, utilizing reserves, or receiving non-cash contributions not fully reflected in revenue figures, but is not sustainable long-term.

Filing History

IRS 990 filing history for Next Worldwide Inc showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2011–2017), Next Worldwide Inc's revenue has declined by 30.6%, moving from $1.9M to $1.3M. Total assets decreased by 35.3% over the same period, from $1.3M to $848K. Total functional expenses fell by 10.8%, from $1.8M to $1.6M. In its most recent filing year (2017), Next Worldwide Inc reported a deficit of $281K, with expenses exceeding revenue. The organization holds $12K in liabilities against $848K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $836K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2017	$1.3M	$1.6M	$848K	$12K	—	View 990
2016	$1.4M	$2.1M	$1.1M	$24K	—	View 990
2015	$2.0M	$2.0M	$1.8M	$0	—	View 990
2014	$2.1M	$2.1M	$1.8M	$0	—	View 990
2013	$2.2M	$2.0M	$1.7M	$21K	—	View 990
2012	$2.4M	$2.1M	$1.5M	$51K	—	View 990
2011	$1.9M	$1.8M	$1.3M	$85K	—	View 990

Year-by-Year Financial Summary

2017: Revenue of $1.3M, expenses of $1.6M, and assets of $848K (revenue -9.1% year-over-year).
2016: Revenue of $1.4M, expenses of $2.1M, and assets of $1.1M (revenue -28.0% year-over-year).
2015: Revenue of $2.0M, expenses of $2.0M, and assets of $1.8M (revenue -7.1% year-over-year).
2014: Revenue of $2.1M, expenses of $2.1M, and assets of $1.8M (revenue -3.5% year-over-year).
2013: Revenue of $2.2M, expenses of $2.0M, and assets of $1.7M (revenue -5.7% year-over-year).
2012: Revenue of $2.4M, expenses of $2.1M, and assets of $1.5M (revenue +25.6% year-over-year).
2011: Revenue of $1.9M, expenses of $1.8M, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Next Worldwide 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.