New Horizons Properties II Inc

Analysis

New Horizons Properties II Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in August 1984, 42 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 II Inc reported income of $177k and spending of $278k, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $161k to $177k (+9.3%), an average of +2.3% a year. Over the whole period it spent 127% 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 II Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($177k), Brandywiners Ltd ($177k) and Texas Dixie Youth Baseball Inc ($177k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of $39k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.