New Horizons Ranch and Center Inc

Analysis

New Horizons Ranch and Center Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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 August 2023, New Horizons Ranch and Center Inc reported income of $13.7m and spending of $14.6m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $13.4m to $13.7m (+1.9%), an average of +0.5% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizons Ranch and Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Economic Opportunity for Savannah Chatham County Area Inc ($13.7m), The Arc Tampa Bay Inc ($13.7m) and School and Municipal Energy Cooperative of Western New York ($13.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $440k (3.0% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $11.4m against liabilities of $3.9m, net assets of $7.5m. It reported 229 employees.