New Horizons Inc

Analysis

New Horizons Inc is a registered charity in United States, based in Coffeyville, KS. It received its IRS tax-exemption ruling in October 1971, 55 years ago. 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 October 2023, New Horizons Inc reported income of $227k and spending of $206k, spending 91% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $361k to $227k (-37%), an average of -11% a year. The sharpest change came in the year to October 2021, when income dropped by 35%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizons Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within KS. Charities of a similar size with the same main cause include From the Ground Up Farms Inc ($227k), Eastern Apicultural Society of North America Inc ($227k) and Chippewa County Historical Society Inc ($227k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $50k. At year end it held assets of $789k against liabilities of $67k, net assets of $722k. It reported 19 employees.