New Horizons Unlimited Incorporated

Analysis

New Horizons Unlimited Incorporated is a registered charity in United States, based in Harlem, MT. It received its IRS tax-exemption ruling in December 1976, 50 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Horizons Unlimited Incorporated reported income of $199k and spending of $210k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $885k to $199k (-78%), an average of -31% a year. The sharpest change came in the year to June 2023, when income dropped by 62%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizons Unlimited Incorporated sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MT. Charities of a similar size with the same main cause include Meaning in Colors ($199k), BDK Sudatta Hawaii ($199k) and Boys and Girls Club of Northeastern Pennsylvania Foundation ($199k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 33% of the total. Other salaries and wages came to $74k. At year end it held assets of $995k against liabilities of $433k, net assets of $562k. It reported 20 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.