New Horizons Properties III Inc

Analysis

New Horizons Properties III Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in August 1985, 41 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 III Inc reported income of $99k and spending of $114k, spending 115% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $101k to $99k (-1.4%), an average of -1.4% a year. Over the whole period it spent 108% 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 III Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include The New Athens Fire Company ($99k), The Foundation for Faces of Children ($99k) and Fbi National Academy Associates Inc ($99k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $188k against liabilities of $461k, net assets of -$273k.