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California · Nonprofit

NEXLEAF ANALYTICS

NEXLEAF ANALYTICS (California) receives grants from 19 organizations whose IRS filings report $25,011,820 to it, the largest being Silicon Valley Community Foundation ($12,125,500). 16 of them have funded it in more than one year, and 56% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$4.8M
Funders on record
19
Grants received
$25M
Net assets
$6.4M
16/19 repeat funderspeak grant-dependency 90%
01What it does

What Nexleaf Analytics does

Mission

Nexleaf Analytics operates charitable programs to improve healthcare delivery and build technical capacity in low- and middle-income countries through technology development and training programs

As stated on its FY2024 Form 990.

Programs

  1. Vaccine Program:----------------Nexleaf partners with other cold chain technology manufacturers to provide countries with the integrated solutions they need to enable single-login cold chain equipment management. Our data analytics and inventory management platform serves workers at every level of the health system in their mission to preserve and transport vaccine resources effectively. ColdTrace Transport was developed with continuous input from health workers delivering vaccines in the field. The result is a flexible, user-driven solution for safer, more reliable vaccine distribution. Highly customizable, the app can also be adapted to support other medical cold chainsensuring critical health products arrive safely, wherever theyre needed.

    $6,378,031 spent$3,291,362 earned by the program
    98% of program spending
  2. Medical Equipment:------------------Nexleaf's Connected Clinic Program equips health workers with the data, skills and tools they need to keep healthcare equipment functional and power running, so that every clinic stands ready to save lives. Nexleafs Connected Clinic is an AI-powered solution that helps countries maintain life-saving medical equipment. Built for low-resource settings, Connected Clinic supports every stage of the healthcare equipment lifecycle.

    $153,048 spent
    2% of program spending
  3. Air Pollution and HOPE program work----------------------------------During 2024, Nexleaf Analytics concluded its Air Pollution program and did not receive new funding for this program area. The organization also finalized activities and expenditures for the Hope and Innovation (HOPE Health of People and Equipment) program. The HOPE program will not continue as a separate initiative but will transition into a broader Innovation program beginning in 2025.

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,531,079.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($2.3M) Expenses 100 ($2.9M) Net assets 100 ($3.2M)2019 Revenue 200 ($4.6M) Expenses 168 ($4.8M) Net assets 89 ($2.9M)2020 Revenue 238 ($5.5M) Expenses 161 ($4.6M) Net assets 116 ($3.8M)2021 Revenue 211 ($4.9M) Expenses 147 ($4.2M) Net assets 137 ($4.4M)2022 Revenue 676 ($16M) Expenses 240 ($6.9M) Net assets 407 ($13M)2023 Revenue 281 ($6.5M) Expenses 336 ($9.6M) Net assets 311 ($10M)2024 Revenue 210 ($4.8M) Expenses 298 ($8.5M) Net assets 197 ($6.4M)
2017201920202021202220232024
Revenue (210)Expenses (298)Net assets (197)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $5.6M to $14M (+152%).

$3.4M
$3.3M
$4.3M
$5.6M
$14M
$11M
$6.7M
2017201920202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 8%. Grants only. Government contracts and fees sit inside program revenue.

26% of NEXLEAF ANALYTICS’s revenue is contributions — about as donation-reliant as the typical peer (51% for the typical peer).

This organization
Typical peer · 8,611 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 7 reported years ran a deficit.

−$548k
’17
−$195k
’19
$887k
’20
$663k
’21
$8.7M
’22
−$3.1M
’23
−$3.7M
’24
8.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Nithya Ramanathan

CEO/Co-Founder

Board chair

Anish Aswani

Board Chair

As listed on its FY2024 Form 990.

2017201920202021202220232024
Listed8121313121415
Joined··+1+4+3+4+6
No longer listed··04425
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 6 funders to 9 funders, grant income rose $470k → $1.8M.

9 of 19 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 56% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of NEXLEAF ANALYTICS’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

NEXLEAF ANALYTICS leans on a few funders — its largest provides 48% of grant income and the top three 77%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

80% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEXLEAF ANALYTICS.

48%
largest funder
77%
top three
~3
effective funders

Largest funder’s share by year: 2017 43% · 2018 64% · 2019 65% · 2020 53% · 2021 26% · 2022 85% · 2023 33% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

56% of NEXLEAF ANALYTICS's funders are still giving 3 years after their first grant; 84% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

69% of NEXLEAF ANALYTICS's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $6.3M that is directly attributable, 85% of it comes from funders outside California, across 4 states.

NY
MA
CA
DE

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
California out of state home

Funder states come from each funder’s own filing. $14M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

NEXLEAF ANALYTICS holds deeper cash reserves than three-quarters of the 8,121 health nonprofits its size.

Operating margin−76% · bottom quartile
Months of reserve8.3mo · top quartile
Revenue growth (annualized)11% · above the median

this organization peer median middle 50% of peers· 8,121 health nonprofits $1M–$10M, FY2024

Organizations like NEXLEAF ANALYTICS

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In California

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

77% of spending goes to programs.

Program 77%Management 17%Fundraising 6%

Governance

9
board members
78%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

72%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

CA

Part of a family of 2 related entities

  • Nexleaf USA LLC · partnership
  • Nexleaf Analytics India Private Limited · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for NEXLEAF ANALYTICS: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds NEXLEAF ANALYTICS?
NEXLEAF ANALYTICS (California) receives grants from 19 organizations whose IRS filings report $25,011,820 to it, the largest being Silicon Valley Community Foundation ($12,125,500). 16 of them have funded it in more than one year, and 56% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does NEXLEAF ANALYTICS have?
IRS filings report 19 organizations giving $25,011,820 in grants to NEXLEAF ANALYTICS, 16 of which have funded it in more than one year.
Who is the largest funder of NEXLEAF ANALYTICS?
Silicon Valley Community Foundation is the largest funder on record, with $12,125,500 in grants. The full list of funders is on this page.
How can an organization like NEXLEAF ANALYTICS find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 19 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing