New Horizon Institute Inc

Analysis

New Horizon Institute Inc is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Horizon Institute Inc reported income of $5.1m and spending of $5.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $5.1m (+265%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Horizon Institute Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include Ellen Obrien Gaiser Addiction Center Inc ($5.1m), Center for Aging and Rehabilitation of Greenville Inc ($5.1m) and Ten Sixteen Recovery Network ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $197k (3.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $916k against liabilities of $123k, net assets of $793k. It reported 47 employees.