Nextcorps Inc
Nextcorps Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 161195028 · Rochester, NY · NTEE: V200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.6M |
| Total Expenses | $12.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $31.0M |
| Transparency Score | 85/100 |
Is Nextcorps Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nextcorps Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nextcorps Inc
Nextcorps Inc (EIN: 161195028) is a nonprofit organization based in Rochester, NY, classified under NTEE code V200. The organization reported total revenue of $13.6M and total assets of $40.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nextcorps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nextcorps Inc is a large nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.7M |
| Total Expenses | $12.0M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $36.6M |
| Total Liabilities | $5.6M |
| Net Assets | $31.0M |
| Operating Margin | 18.0% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 36.6 months |
Financial Health Grade: A
In 2023, Nextcorps Inc reported a surplus of $2.6M with revenue exceeding expenses, holds 36.6 months of operating reserves (strong position), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nextcorps Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.6% | +20.8% | +5.0% |
| 2022 | -4.4% | +4.7% | +23.6% |
| 2021 | +32.9% | +14.8% | +5.2% |
| 2020 | -4.9% | -0.5% | +20.0% |
| 2019 | -39.9% | +12.7% | -26.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Nextcorps 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, Nextcorps 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.4%.
Executive Compensation Analysis
Nextcorps Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $14 million. This could indicate a volunteer executive leadership or that compensation is reported under different expense categories, requiring further scrutiny for full transparency.
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 Nextcorps Inc's IRS 990 filings:
- 0% officer compensation reported across all filings for an organization of this size, which is highly unusual and may obscure actual executive remuneration or structure.
Strengths
The following positive indicators were identified for Nextcorps Inc:
- Consistent and significant revenue growth, from $3M in 2014 to over $14M in 2023.
- Strong asset accumulation, growing from $6.2M in 2014 to $36.6M in 2023.
- Consistent positive net income (revenue exceeding expenses) in most years, indicating financial sustainability.
- Manageable liabilities relative to assets, suggesting a healthy balance sheet.
Frequently Asked Questions about Nextcorps Inc
Is Nextcorps Inc a legitimate charity?
Nextcorps Inc (EIN: 161195028) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Nextcorps Inc spend its money?
Nextcorps Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nextcorps Inc tax-deductible?
Nextcorps Inc is registered as a tax-exempt nonprofit (EIN: 161195028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nextcorps Inc CEO make?
Nextcorps Inc's highest-compensated officer earns $14 annually. The organization reported $13.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nextcorps Inc's spending goes to programs?
Nextcorps Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nextcorps Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Nextcorps Inc is above average for NTEE category V200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nextcorps Inc located?
Nextcorps Inc is headquartered in Rochester, New York and files with the IRS under EIN 161195028. It is classified under NTEE code V200.
How many years of IRS 990 filings does Nextcorps Inc have?
Nextcorps 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 $13.6M in total revenue.
Is Nextcorps Inc a good charity?
Based on the provided financial data, Nextcorps Inc appears to be a financially healthy and growing organization with a strong asset base and consistent positive net income. The absence of reported officer compensation is a unique characteristic that could be viewed positively for efficiency, but also warrants further investigation for complete understanding.
How has Nextcorps Inc's revenue trended over time?
Nextcorps Inc has shown a strong upward trend in revenue, growing from $3,025,119 in 2014 to $14,656,839 in 2023, with only a few minor fluctuations, indicating sustained growth and funding.
What is Nextcorps Inc's asset growth like?
The organization's assets have grown significantly, from $6,220,968 in 2014 to $36,635,804 in 2023, demonstrating substantial financial growth and capacity building over the decade.
Are there any concerns about Nextcorps Inc's liabilities?
Nextcorps Inc's liabilities have fluctuated but generally remain at a manageable level relative to its growing assets. For example, in 2023, liabilities were $5,644,542 against assets of $36,635,804, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Nextcorps Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nextcorps Inc's revenue has grown by 473.3%, moving from $2.6M to $14.7M. Total assets increased by 456.9% over the same period, from $6.6M to $36.6M. Total functional expenses rose by 358.8%, from $2.6M to $12.0M. In its most recent filing year (2023), Nextcorps Inc reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $5.6M in liabilities against $36.6M in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $31.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.7M | $12.0M | $36.6M | $5.6M | — | View 990 |
| 2022 | $13.0M | $9.9M | $34.9M | $6.6M | — | View 990 |
| 2021 | $13.6M | $9.5M | $28.2M | $3.0M | — | View 990 |
| 2020 | $10.2M | $8.3M | $26.8M | $5.7M | — | View 990 |
| 2019 | $10.8M | $8.3M | $22.4M | $3.7M | — | View 990 |
| 2018 | $17.9M | $7.4M | $30.5M | $13.8M | — | View 990 |
| 2017 | $6.6M | $6.6M | $15.0M | $8.9M | — | View 990 |
| 2016 | $5.9M | $5.7M | $6.9M | $831K | — | View 990 |
| 2015 | $5.2M | $5.2M | $6.8M | $877K | — | View 990 |
| 2014 | $3.0M | $3.2M | $6.2M | $414K | — | View 990 |
| 2013 | $2.6M | $2.8M | $6.3M | $290K | — | View 990 |
| 2012 | $2.7M | $2.8M | $6.5M | $319K | — | View 990 |
| 2011 | $2.6M | $2.6M | $6.6M | $231K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.7M, expenses of $12.0M, and assets of $36.6M (revenue +12.6% year-over-year).
- 2022: Revenue of $13.0M, expenses of $9.9M, and assets of $34.9M (revenue -4.4% year-over-year).
- 2021: Revenue of $13.6M, expenses of $9.5M, and assets of $28.2M (revenue +32.9% year-over-year).
- 2020: Revenue of $10.2M, expenses of $8.3M, and assets of $26.8M (revenue -4.9% year-over-year).
- 2019: Revenue of $10.8M, expenses of $8.3M, and assets of $22.4M (revenue -39.9% year-over-year).
- 2018: Revenue of $17.9M, expenses of $7.4M, and assets of $30.5M (revenue +170.3% year-over-year).
- 2017: Revenue of $6.6M, expenses of $6.6M, and assets of $15.0M (revenue +12.0% year-over-year).
- 2016: Revenue of $5.9M, expenses of $5.7M, and assets of $6.9M (revenue +12.9% year-over-year).
- 2015: Revenue of $5.2M, expenses of $5.2M, and assets of $6.8M (revenue +73.5% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.2M, and assets of $6.2M (revenue +16.6% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.8M, and assets of $6.3M (revenue -2.5% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.8M, and assets of $6.5M (revenue +4.1% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.6M, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nextcorps Inc:
Data Sources and Methodology
This transparency report for Nextcorps 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.