New Horizons of Northwest Florida Inc

Analysis

New Horizons of Northwest Florida Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in August 1948, 78 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New Horizons of Northwest Florida Inc reported income of $8.0m and spending of $6.8m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.9m to $8.0m (+65%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 58%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Horizons of Northwest Florida Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Cincinnatis Optimum Residential Environments Inc ($8.0m), Access Health Columbus ($8.0m) and Community Counseling Center of Mercer County ($8.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $138k (2.0% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $2.3m against liabilities of $511k, net assets of $1.8m. It reported 108 employees.