New Horizons at 81 Ltd

Analysis

New Horizons at 81 Ltd is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, New Horizons at 81 Ltd reported income of $345k and spending of $262k, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $286k to $345k (+21%), an average of +4.9% a year. The sharpest change came in the year to September 2022, when income rose by 266%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Horizons at 81 Ltd sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Plus Foundation ($345k), Friends of Yeshiva Ohr Elchonon Inc ($345k) and Diversity & Innovation Institute Inc ($345k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $198k. At year end it held assets of $310k against liabilities of $7,000, net assets of $303k. It reported 37 employees.