New Horizon Theather Inc

Analysis

New Horizon Theather Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Horizon Theather Inc reported income of $377k and spending of $234k, leaving 38% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $384k to $377k (-1.8%), an average of -1.8% a year. Over the whole period it spent 60% 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 Horizon Theather Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Studio Montclair Inc ($377k), Luzerne County Historical Society ($377k) and North Topeka Arts District Inc ($377k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $438k against liabilities of $987, net assets of $437k.