New Horizons Adult Day Services Inc

Analysis

New Horizons Adult Day Services Inc is a registered charity in United States, based in Yadkinville, NC. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, New Horizons Adult Day Services Inc reported income of $791k and spending of $875k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $732k to $791k (+8.0%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Horizons Adult Day Services 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 76th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include American Lebanese Cultural Center Inc ($791k), All Brains Belong VT Inc ($791k) and Illinois State Alliance of Ymcas ($791k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.9% and program service revenue 95% of the total. Other salaries and wages came to $507k. At year end it held assets of $83k against liabilities of $118k, net assets of -$35k. It reported 46 employees.