New Horizons Community Mental Health Center Inc

Analysis

New Horizons Community Mental Health Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 1982, 44 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Horizons Community Mental Health Center Inc reported income of $8.7m and spending of $8.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.1m to $8.7m (-3.9%), an average of -1.0% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizons Community Mental Health Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Infant Welfare Society of Chicago ($8.7m), Georgia Association of Rehabilitation Facilities Inc ($8.7m) and St Edmunds Academy ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $6.3m against liabilities of $1.8m, net assets of $4.5m. It reported 142 employees.