New Horizons Serving Individuals with Special Needs

Analysis

New Horizons Serving Individuals with Special Needs is a registered charity in United States, based in North Hills, CA. It received its IRS tax-exemption ruling in April 1957, 69 years ago. 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 Serving Individuals with Special Needs reported income of $16.7m and spending of $15.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.5m to $16.7m (-4.5%), an average of -1.1% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Horizons Serving Individuals with Special Needs sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Anuvia Prevention and Recovery Center Inc ($16.7m), International Myeloma Foundation ($16.7m) and Guardian Angels Health Services Inc ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $799k (5.0% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $21.6m against liabilities of $3.0m, net assets of $18.7m. It reported 343 employees.