New Horizon School Pasadena

Analysis

New Horizon School Pasadena is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in February 2016, 10 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 Pasadena reported income of $4.2m and spending of $4.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.2m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 33%. 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 Horizon School Pasadena sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Bakersfield College Foundation ($4.2m), Higher Education Compliance and Management Inc ($4.2m) and Glenbrook School of Minden Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $104k (2.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $924k against liabilities of $809k, net assets of $115k. It reported 58 employees.