New Horizons Ministries

Analysis

New Horizons Ministries is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1984, 42 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 Horizons Ministries reported income of $3.1m and spending of $2.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.1m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Horizons Ministries sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Kentucky YMCA Youth Association ($3.1m), Phyllis Bodel Childcare Center at Yale School of Medicine Inc ($3.1m) and Loudoun Citizens for Social Justice Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $122k (4.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $6.9m against liabilities of $178k, net assets of $6.7m. It reported 45 employees.