New Horizon Center for Developmentally Disabled

Analysis

New Horizon Center for Developmentally Disabled is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1968, 58 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Horizon Center for Developmentally Disabled reported income of $7.7m and spending of $7.8m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.8m to $7.7m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizon Center for Developmentally Disabled sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Clarview Rest Home Inc ($7.7m), American Lutheran Church-Northland Luthern Services for the Elderly ($7.7m) and The Arc Nature Coast Inc ($7.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 79% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $8.6m against liabilities of $851k, net assets of $7.7m. It reported 116 employees.