Exploring New Horizons

Analysis

Exploring New Horizons is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Exploring New Horizons reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.7m (+80%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 407%. Over the whole period it spent 101% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Exploring New Horizons sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Colorado Clean Energy Fund ($2.7m), Hights Inc ($2.7m) and Rio Grande Headwaters Land TR a Colorado Nonprofit Corporation ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $185k (6.7% of expenses). Other salaries and wages came to $772k. At year end it held assets of $605k against liabilities of $101k, net assets of $504k. It reported 32 employees.