New Horizon Center Inc

Analysis

New Horizon Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1986, 40 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 December 2023, New Horizon Center Inc reported income of $852k and spending of $831k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $297k to $852k (+187%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 94% 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 Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Bethel Renewal Center a NJ Nonprofit Corporation ($852k), Parents Reaching Out to Help Incorporated ($852k) and Saint Thomas Aquinas Housing ($851k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $61k (7.4% of expenses). Other salaries and wages came to $487k. At year end it held assets of $127k against liabilities of $182k, net assets of -$55k. It reported 12 employees.