New Horizon Counseling Center Inc

Analysis

New Horizon Counseling Center Inc is a registered charity in United States, based in S Ozone Park, NY. It received its IRS tax-exemption ruling in January 1983, 43 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 June 2023, New Horizon Counseling Center Inc reported income of $88.7m and spending of $75.4m, spending 85% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $49.0m to $88.7m (+81%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizon Counseling Center Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Mercy Medical Center ($88.6m), Astera Health ($88.7m) and Fresno Pacific University ($88.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.8m (3.7% of expenses). Other salaries and wages came to $28.3m. At year end it held assets of $105.4m against liabilities of $29.6m, net assets of $75.7m. It reported 877 employees.