New Horizons Developmental Center Inc

Analysis

New Horizons Developmental Center Inc is a registered charity in United States, based in Carrizozo, NM. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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 June 2021, New Horizons Developmental Center Inc reported income of $908k and spending of $954k, spending 105% of its income. Across the 2 years on record, from June 2020 to June 2021, income fell from $1.1m to $908k (-17%), an average of -18% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizons Developmental Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within NM. Charities of a similar size with the same main cause include Educational Arts Team ($908k), National Alliance on Mental Illness Utah ($909k) and Mayslake Annex II NFP ($908k).

On its Form 990 for the period ending June 2021, revenue came from program service revenue 100% of the total. Other salaries and wages came to $599k. At year end it held assets of $237k against liabilities of $79k, net assets of $158k. It reported 43 employees.