New Horizon Care Centers Inc

Analysis

New Horizon Care Centers Inc is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in August 1980, 46 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Care Centers Inc reported income of $10.0m and spending of $10.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $10.0m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Horizon Care Centers Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include VPS Medical Services PC ($10.0m), Agape Clinic ($10.1m) and CHC Community Care LLC ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $339k (3.4% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $10.1m against liabilities of $1.2m, net assets of $9.0m. It reported 165 employees.