New Horizon School for the Perfoming Arts

Analysis

New Horizon School for the Perfoming Arts is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Horizon School for the Perfoming Arts reported income of $2.2m and spending of $1.8m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.2m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Horizon School for the Perfoming Arts sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within AZ. Charities of a similar size with the same main cause include Southeastern Academy Inc ($2.2m), Live Oak Academy ($2.2m) and Village View Christian Academy Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $285k (16% of expenses). Other salaries and wages came to $767k. At year end it held assets of $1.8m against liabilities of $532k, net assets of $1.2m. It reported 35 employees.