Nextbook
Nextbook reported $12.8 million in revenue and $9.8 million in expenses for calendar year 2024. Of every $100 it spent, $76.26 went to program services, $13.21 to management and general costs and $10.53 to fundraising. Its largest source of revenue was contributions and grants: 96.7% of the total. The highest compensation it reported for one person was $595,116 (EDITOR-IN-CHIEF). 15 people received more than $100,000 in reportable compensation. Revenue rose 164% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $9.8MFor context, the median across 290 covered religion-related charities: $88.39 programs, $9.62 management, $1.99 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.3% | 86.0% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.2% | 9.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 10.5% | 1.9% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.7% | 83.4% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.2% | 2.3% |
| Highest reported compensation Part VII-A, columns D–F | $595,116 | $276,040 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 6.10% | 1.40% |
| People paid over $100,000 Part VII, line 2 | 15 | 4 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.2 | 12.7 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 90.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseWeb magazine (tablet) traffic remained healthy in 2024. Daily e-mail subscribers rose to 198,000. Facebook followers fell slightly to 118,000 twitter (x) followers rose to 100,000 instagram (new in 2024) rose from 0 to 140,000 tablet fields a slew of podcasts, including unorthodox, take one, rootless, israel update, what really matters, sivan says, and, how to be a jew, which in total, received over 100,000 downloads per week
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EDITOR-IN-CHIEF Key employee, highest compensated employee, 40.00 hrs/week | $555,453 | $0 | $39,663 | $595,116 |
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $257,261 | $0 | $20,572 | $277,833 |
| EXECUTIVE EDITOR Highest compensated employee, 40.00 hrs/week | $230,239 | $0 | $27,423 | $257,662 |
| SENIOR WRITER Highest compensated employee, 40.00 hrs/week | $193,862 | $0 | $37,169 | $231,031 |
| SENIOR WRITER Highest compensated employee, 40.00 hrs/week | $201,162 | $0 | $4,203 | $205,365 |
| DIGITAL EDITORIAL DIRECTOR Highest compensated employee, 40.00 hrs/week | $162,603 | $0 | $36,057 | $198,660 |
| CFO Officer, 8.00 hrs/week | $46,200 | $0 | $0 | $46,200 |
15 people received more than $100,000 in reportable compensation from Nextbook (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 522
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| DAN KLORES Public relations | $516,709 |
| THREE MINUTE HAPPINESS INC Editorial consulting services | $363,075 |
| BIG HUMAN LLC Digital designing | $290,400 |
| PARTY UPSTAIRS PRODUCTIONS LLC Film production | $250,000 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Nextbook totaling $140K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Nextbook's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Nextbook, you can publish a response that is linked from this page.
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Of every $100 Nextbook spent in 2024, $76.26 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Anchor RidgeNorth Wilkesboro, NC · revenue $13M · programs 99.8% · 2024
- Vaad Harabbanim L'Inyanei TzedukaLakewood, NJ · revenue $13M · programs 95.7% · 2024
- Intentional Life MediaTucson, AZ · revenue $13M · programs 80.1% · FY2025
- The Word for the World USAColorado Springs, CO · revenue $13M · programs 86.8% · 2025
- Plain Church Medical GroupArthur, IL · revenue $13M · programs 99.1% · 2025
All religion-related charities · Largest charities in New York
Questions people ask
How much of Nextbook's spending goes to programs?
In calendar year 2024, Nextbook reported that 76.3% of its $9.8 million in expenses went to program services, 13.2% to management and general and 10.5% to fundraising (Form 990, Part IX).
How much does Nextbook pay its top executive?
The largest total compensation Nextbook reported for one person in calendar year 2024 was $595,116, for the role of EDITOR-IN-CHIEF (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nextbook get its money?
Of $12.8 million in revenue in calendar year 2024, 96.7% came from contributions and grants and 2.2% from program service revenue (Form 990, Part VIII).
Is Nextbook a registered charity?
The IRS lists EIN 41-2116973 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202542899349301559 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202422569349301757 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332579349300638 · read the filing
- 2021: Form 990 for calendar year 2021, object 202221789349301007 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123059349300957 · read the filing
All filings for EIN 41-2116973: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.