Horizons Student Opportunities and Results for New Mexico Inc

Analysis

Horizons Student Opportunities and Results for New Mexico Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Horizons Student Opportunities and Results for New Mexico Inc reported income of $481k and spending of $416k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $357k to $481k (+35%), an average of +7.7% a year. The sharpest change came in the year to September 2022, when income rose by 70%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizons Student Opportunities and Results for New Mexico Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within NM. Charities of a similar size with the same main cause include Foundation of the Missouri United Methodist Church Columbia ($481k), Wisconsin Independent Learning College Inc ($481k) and Harwich Fire Assn Inc ($481k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $67k (16% of expenses). Other salaries and wages came to $236k. At year end it held assets of $275k against liabilities of $7,208, net assets of $268k. It reported 39 employees.