New Horizon Educational Foundation

Analysis

New Horizon Educational Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Horizon Educational Foundation reported income of $935k and spending of $877k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $935k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2020, when income rose by 204%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Horizon Educational Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include J J Pearce Athletic Booster Club ($935k), Westside Christian Academy Association ($935k) and Elevate Jacksonville Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $31.5m against liabilities of $10.5m, net assets of $21.0m.