Nextgen Talent Inc
EIN: 881672567 · Dorchestr Ctr, MA · NTEE: J20
| Metric | Value |
|---|---|
| Total Revenue | $621K |
| Total Expenses | $305K |
| Net Assets | $246K |
Is Nextgen Talent Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nextgen Talent Inc
Nextgen Talent Inc (EIN: 881672567) is a nonprofit organization based in Dorchestr Ctr, MA, classified under NTEE code J20. The organization reported total revenue of $621K and total assets of $559K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nextgen Talent Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nextgen Talent Inc is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of -61.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $158K |
| Total Expenses | $305K |
| Surplus / Deficit | $-147,203 |
| Total Assets | $248K |
| Total Liabilities | $2K |
| Net Assets | $246K |
| Operating Margin | -93.2% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 9.7 months |
Financial Health Grade: B
In 2024, Nextgen Talent Inc reported a deficit of $147K with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 2 years of filings (2023–2024), Nextgen Talent Inc's revenue has declined at a compound annual growth rate (CAGR) of -61.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -61.6% | +143.6% | -38.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nextgen Talent 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 Nextgen Talent 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $147K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Nextgen Talent Inc
Is Nextgen Talent Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nextgen Talent Inc (EIN: 881672567) insufficient data. 0 red flags identified, 0 strengths noted.
How does Nextgen Talent Inc spend its money?
Detailed spending breakdown data is not yet available for Nextgen Talent Inc. Check back for updated IRS 990 analysis.
Are donations to Nextgen Talent Inc tax-deductible?
Nextgen Talent Inc is registered as a tax-exempt nonprofit (EIN: 881672567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nextgen Talent Inc located?
Nextgen Talent Inc is headquartered in Dorchestr Ctr, Massachusetts and files with the IRS under EIN 881672567. It is classified under NTEE code J20.
How many years of IRS 990 filings does Nextgen Talent Inc have?
Nextgen Talent Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $621K in total revenue.
Filing History
IRS 990 filing history for Nextgen Talent Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Nextgen Talent Inc's revenue has declined by 61.6%, moving from $411K to $158K. Total assets decreased by 38.1% over the same period, from $400K to $248K. Total functional expenses rose by 143.6%, from $125K to $305K. In its most recent filing year (2024), Nextgen Talent Inc reported a deficit of $147K, with expenses exceeding revenue. The organization holds $2K in liabilities against $248K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $246K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $158K | $305K | $248K | $2K | — | — |
| 2023 | $411K | $125K | $400K | $7K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nextgen Talent Inc:
Data Sources and Methodology
This transparency report for Nextgen Talent 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.