New Horizons Foundations-A Sheet Metal Industry Initiative

Analysis

New Horizons Foundations-A Sheet Metal Industry Initiative is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in October 2001, 25 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 Horizons Foundations-A Sheet Metal Industry Initiative reported income of $456k and spending of $278k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $456k (+132%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Horizons Foundations-A Sheet Metal Industry Initiative sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Asteam Village Inc ($456k), Atlantic University ($456k) and Partners in Change Inc ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 0.3% of the total. At year end it held assets of $5.4m against liabilities of $21k, net assets of $5.4m.