Friends of the New Horizons Band

Analysis

Friends of the New Horizons Band is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in January 2004, 22 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 October 2023, Friends of the New Horizons Band reported income of $86k and spending of $81k, spending 94% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $84k to $86k (+2.4%), an average of +2.4% a year. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the New Horizons Band sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within CO. Charities of a similar size with the same main cause include Friends of the Alfred P Sloan Museum ($86k), Gloryland Evangelistic Association Inc ($86k) and Midwest Film Inc ($86k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.