Is New Horizons Agency Inc Legit?

Quick charity verification for New Horizons Agency Inc (EIN: 20586953)

Verdict: New Horizons Agency Inc appears trustworthy

75/100Mission Score
$12.8MRevenue
$23.8MAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

New Horizons Agency Inc. demonstrates a generally stable financial position with substantial assets, currently at $23,822,839. The organization has shown consistent revenue generation over the past decade, though the latest filing period (202406) shows expenses ($1,620,007) exceeding revenue ($1,034,023), indicating a deficit for that specific year. However, this appears to be an anomaly in recent years, as prior periods like 202306 and 202206 reported healthy surpluses. A notable aspect of their financial reporting is the consistent declaration of 'Officer Comp=0%', which suggests either a volunteer-led executive team or compensation being reported under other expense categories, warranting further investigation for complete transparency. The organization's liabilities have consistently been reported as minimal, often $1, which is unusual and could indicate a simplified reporting approach or a very strong balance sheet.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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