New Horizons Supported Services Inc

Analysis

New Horizons Supported Services Inc is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in September 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2022, New Horizons Supported Services Inc reported income of $3.8m and spending of $3.5m, spending 93% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $5.2m to $3.8m (-28%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Horizons Supported Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Chester County Economic Development Foundation ($3.8m), Northwest Kansas Economic Innovation Center Inc ($3.8m) and Pantheon Industries Inc ($3.8m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $195k (5.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.0m against liabilities of $1.7m, net assets of $2.3m. It reported 117 employees.