New Horizons International Music Association Incorporated

Analysis

New Horizons International Music Association Incorporated is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 International Music Association Incorporated reported income of $145k and spending of $140k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $145k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Horizons International Music Association Incorporated sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Cartoon Crossroads Columbus ($145k), Alta Arts Council ($145k) and Arte Mexicano En Indiana Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.