New Horizons Center for Learning

Analysis

New Horizons Center for Learning is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Horizons Center for Learning reported income of $2.1m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.1m (+60%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 89%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Horizons Center for Learning sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NV. Charities of a similar size with the same main cause include The Circe Institute Inc ($2.1m), Northeast Iowa Dairy & Agriculture Foundation ($2.1m) and Builders Education Services and Training of Michigan Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $158k (7.7% of expenses). Other salaries and wages came to $1.2m. It paid $10 in professional fundraising fees. At year end it held assets of $3.6m against liabilities of $1.2m, net assets of $2.4m. It reported 71 employees.