New Horizons Rehabilitation Inc

Analysis

New Horizons Rehabilitation Inc is a registered charity in United States, based in Batesville, IN. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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 June 2023, New Horizons Rehabilitation Inc reported income of $8.8m and spending of $8.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $8.8m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizons Rehabilitation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Prevent Child Abuse America ($8.8m), Ruminco Ltd ($8.8m) and Moncrief Cancer Foundation ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $91k (1.1% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $6.8m against liabilities of $779k, net assets of $6.0m. It reported 379 employees.