New Caney Horizons Inc

Analysis

New Caney Horizons Inc is a registered charity in United States, based in New Caney, TX. It received its IRS tax-exemption ruling in May 1993, 33 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 December 2023, New Caney Horizons Inc reported income of $312k and spending of $319k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $328k to $312k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Caney Horizons Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Friends of Fisher House-Illinois ($312k), Westmoreland Volunteer Fire Dept Inc ($312k) and Emma Freeman Trust 2114 ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $47k (15% of expenses). Other salaries and wages came to $126k. At year end it held assets of $600k against liabilities of $19k, net assets of $581k. It reported 29 employees.

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.