New Horizon School Irvine

Analysis

New Horizon School Irvine is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, New Horizon School Irvine reported income of $9.3m and spending of $8.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $9.3m (+87%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Horizon School Irvine sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Pinellas Preparatory Academy Inc ($9.3m), Missouri Southern Foundation ($9.4m) and Inspire Charter Academy Inc ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $163k (1.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $4.4m against liabilities of $2.0m, net assets of $2.4m. It reported 104 employees.