New Horizons Foundation-Usa

Analysis

New Horizons Foundation-Usa is a registered charity in United States, based in Two Harbors, MN. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, New Horizons Foundation-Usa reported income of $151k and spending of $177k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $255k to $151k (-41%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, New Horizons Foundation-Usa sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Benedictine Sister of St Agnes of ($151k), Asoprogar US ($151k) and R2m ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.