New Horizons of Southwest

Analysis

New Horizons of Southwest is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, New Horizons of Southwest reported income of $2.9m and spending of $2.8m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.6m to $2.9m (+10%), an average of +2.5% a year. The sharpest change came in the year to August 2022, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Horizons of Southwest sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Sheltering Wings Center for Women Inc ($2.9m), Williamsburg-James City County Community Action Agency Inc ($2.9m) and Connecting Kids to Meals Inc ($2.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $101k (3.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.2m against liabilities of $293k, net assets of $1.9m. It reported 127 employees.