New Horizon Youth Homes Inc

Analysis

New Horizon Youth Homes Inc is a registered charity in United States, based in Chandler, AZ. It received its IRS tax-exemption ruling in July 2002, 24 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 June 2023, New Horizon Youth Homes Inc reported income of $20.9m and spending of $11.3m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.8m to $20.9m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Horizon Youth Homes Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include Glade Run Lutheran Services ($20.9m), New York Common Pantry ($20.9m) and Nia Community Services Network Inc ($20.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 63% of the total. Other salaries and wages came to $6.9m. At year end it held assets of $18.0m against liabilities of $2.6m, net assets of $15.4m. It reported 239 employees.