New Horizons Ministries Inc

Analysis

New Horizons Ministries Inc is a registered charity in United States, based in Lebanon, PA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Ministries Inc reported income of $241k and spending of $176k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $241k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Horizons Ministries 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 58th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Miller Bullen Hansen Scholarship Foundation Inc ($241k), RTC Missions Inc ($241k) and The Jadyn Fred Fund ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $229k against liabilities of $8,623, net assets of $220k.