New Horizons Adoption Agency Inc

Analysis

New Horizons Adoption Agency Inc is a registered charity in United States, based in Blue Earth, MN. It received its IRS tax-exemption ruling in November 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Horizons Adoption Agency Inc reported income of $511k and spending of $611k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $571k to $511k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizons Adoption Agency Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Crater Lake Natural History Association Incorporated ($511k), The Miami Herald Charities Inc ($511k) and DTH Publishing Corporation ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $77k (13% of expenses). Other salaries and wages came to $106k. At year end it held assets of $777k against liabilities of $71k, net assets of $705k. It reported 13 employees.