New Horizons Educational Foundation Inc

Analysis

New Horizons Educational Foundation Inc is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in November 1997, 29 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 June 2023, New Horizons Educational Foundation Inc reported income of $1.2m and spending of $563k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.2m (+2.5%), an average of +0.6% a year. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Horizons Educational Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include A F I R E of Pasco County Inc ($1.2m), Harbor Day School ($1.2m) and Somali Success School ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 85% of the total. At year end it held assets of $9.6m against liabilities of $6.1m, net assets of $3.5m.