The New Horizons Foundation Inc

Analysis

The New Horizons Foundation Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in July 1990, 36 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, The New Horizons Foundation Inc reported income of $51.2m and spending of $49.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.6m to $51.2m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The New Horizons Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Gulf Coast Community Foundation Inc ($51.1m), Young Mens Christian Association of Greater Cincinnati ($51.2m) and Greater Twin Cities United Way ($50.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $311k (0.6% of expenses). Other salaries and wages came to $924k. At year end it held assets of $104.4m against liabilities of $21k, net assets of $104.4m. It reported 17 employees.