New Horizons Community Charter School in

Analysis

New Horizons Community Charter School in is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Horizons Community Charter School in reported income of $13.2m and spending of $11.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $13.2m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Horizons Community Charter School in sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Waldorf School of Garden City ($13.2m), College of Charleston Foundation ($13.2m) and Hebron Academy Incorporated ($13.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $7.6m against liabilities of $304k, net assets of $7.3m. It reported 81 employees.