New Horizons Group Homes Incorporated

Analysis

New Horizons Group Homes Incorporated is a registered charity in United States, based in Brandon, FL. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Horizons Group Homes Incorporated reported income of $928k and spending of $927k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $796k to $928k (+17%), an average of +3.9% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Horizons Group Homes Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Childrens Village Inc ($928k), Abernethy Memorial Child Development Center ($928k) and Udavum Karangal of USA ($928k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $61k (6.5% of expenses). Other salaries and wages came to $481k. At year end it held assets of $803k against liabilities of $461k, net assets of $341k. It reported 32 employees.