New Horizon School

Analysis

New Horizon School is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in July 1995, 31 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 July 2023, New Horizon School reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $1.5m (+15%), an average of +3.5% a year. Over the whole period it spent 104% 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 sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Union Street Charter ($1.5m), Good Shepherd School for Children ($1.5m) and Lead Africa ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $282k (18% of expenses). Other salaries and wages came to $635k. At year end it held assets of $1.7m against liabilities of $915k, net assets of $769k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.