New Horizons Properties Inc

Analysis

New Horizons Properties Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in December 1988, 38 years ago. 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 June 2023, New Horizons Properties Inc reported income of $71k and spending of $87k, spending 121% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $69k to $71k (+3.2%), an average of +3.2% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizons Properties Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include The Clearing House of Barbour County ($71k), Friends of the Framingham Library Association Inc ($71k) and Marlow Samaritans ($71k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $236k against liabilities of $418k, net assets of -$182k.