New Horizon Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,462,772 | 148,248 | 2,314,524 | 318.6 | 0% |
| 2013 | 709,320 | 89,000 | 620,320 | 463.6 | 0% |
| 2014 | 339,973 | 54,771 | 285,202 | 789.3 | 0% |
| 2015 | 1,439,387 | 228,743 | 1,210,644 | 247.8 | 0% |
| 2016 | 2,134,358 | 146,770 | 1,987,588 | 559.4 | 0% |
| 2017 | 3,498,883 | 415,634 | 3,083,249 | 394.8 | 0% |
| 2018 | 3,638,367 | 353,263 | 3,285,104 | 567.0 | 0% |
| 2019 | 1,322,637 | 1,078,968 | 243,669 | 194.4 | 0% |
| 2020 | 4,024,560 | 1,431,445 | 2,593,115 | 166.8 | 0% |
| 2021 | 2,174,747 | 888,807 | 1,285,940 | 298.4 | 0% |
| 2022 | 635,378 | 1,039,945 | −404,567 | 240.2 | 0% |
| 2023 | 935,196 | 877,429 | 57,767 | 287.6 | 0% |
In its most recent public year (2023), this organization brought in $57,767 more than it spent. Its reserves stood at about 287.6 months of spending, down from 318.6 in 2012. Staff pay was 0% of spending. $20,073 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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