New Horizons Rehabilitation Services Inc

Analysis

New Horizons Rehabilitation Services Inc is a registered charity in United States, based in Auburn Hills, MI. It received its IRS tax-exemption ruling in May 1964, 62 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 Services Inc reported income of $15.2m and spending of $12.9m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.8m to $15.2m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 88% 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 Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Easter Seal Society of Iowa Inc ($15.2m), Sitting Bull College ($15.2m) and Sponsors Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $238k (1.8% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $21.3m against liabilities of $935k, net assets of $20.3m. It reported 610 employees.