Renewed Horizon

Analysis

Renewed Horizon is a registered charity in United States, based in York, NE. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Renewed Horizon reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $275k to $1.5m (+436%), an average of +75% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renewed Horizon sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NE. Charities of a similar size with the same main cause include Sports Foundation Inc ($1.5m), North Country Independent Living Inc ($1.5m) and Bloomington Day Care Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. At year end it held assets of $35k against liabilities of $27k, net assets of $7,756. It reported 21 employees.