New Horizons for Children Inc

Analysis

New Horizons for Children Inc is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in August 2005, 21 years ago. 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 December 2023, New Horizons for Children Inc reported income of $343k and spending of $660k, spending 192% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $668k to $343k (-49%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 197%. 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 for Children Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Cabrillo Education Foundation ($343k), Sewanee Childrens Center ($343k) and Friends of Jug Bay Wetlands Sanctuary Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $136k (21% of expenses). Other salaries and wages came to $118k. At year end it held assets of $508k against liabilities of $6,594, net assets of $501k. It reported 3 employees.