New Horizons Elementary School

Analysis

New Horizons Elementary School is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in September 1984, 42 years ago. 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 July 2024, New Horizons Elementary School reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $787k to $1.2m (+51%), an average of +8.6% a year. The sharpest change came in the year to July 2023, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizons Elementary School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Battery Dance Corporation ($1.2m), Habitat for Humanity International Inc ($1.2m) and International Union of Oprtng Engnr Loc137 137a B&c Appr & SKL Imp FND ($1.2m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Other salaries and wages came to $696k. At year end it held assets of $1.5m against liabilities of $1.1m, net assets of $408k. It reported 20 employees.