New Horizon Academy for Exceptional Students Inc

Analysis

New Horizon Academy for Exceptional Students Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Horizon Academy for Exceptional Students Inc reported income of $107k and spending of $88k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $107k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Horizon Academy for Exceptional Students Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Bobby Bragan Youth Foundation Inc ($107k), Parent Teacher Association of P S 84 the Jose de Diego School Inc ($107k) and Fmes PTO ($107k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. Compensation of current officers, directors and key employees was $56k (64% of expenses). Other salaries and wages came to $2,331. At year end it held assets of $111k against liabilities of $982, net assets of $110k. It reported 3 employees.