New Horizon School Pasadena
EIN: 474409309 · Pasadena, CA · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $4.3M |
| Net Assets | $115K |
Is New Horizon School Pasadena Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Horizon School Pasadena
New Horizon School Pasadena (EIN: 474409309) is a nonprofit organization based in Pasadena, CA, classified under NTEE code B20. The organization reported total revenue of $5.4M and total assets of $976K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Horizon School Pasadena's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Horizon School Pasadena is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.3M |
| Surplus / Deficit | $-137,034 |
| Total Assets | $924K |
| Total Liabilities | $809K |
| Net Assets | $115K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 87.5% |
| Months of Reserves | 2.6 months |
Financial Health Grade: D
In 2023, New Horizon School Pasadena reported a deficit of $137K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 87.5% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), New Horizon School Pasadena's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | +8.6% | +12.3% |
| 2022 | +33.5% | +17.9% | +10.7% |
| 2021 | -9.5% | -11.2% | +5.2% |
| 2020 | +14.4% | +12.2% | +42.9% |
| 2019 | +6.3% | +2.6% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Horizon School Pasadena has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Horizon School Pasadena with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 87.5%.
Frequently Asked Questions about New Horizon School Pasadena
Is New Horizon School Pasadena a legitimate charity?
New Horizon School Pasadena (EIN: 474409309) is a registered tax-exempt nonprofit based in California. It has 8 years of IRS 990 filings on record. Total revenue: $5.4M. No red flags identified. Financial health grade: D.
How does New Horizon School Pasadena spend its money?
New Horizon School Pasadena reported $5.4M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Horizon School Pasadena tax-deductible?
New Horizon School Pasadena is registered as a tax-exempt nonprofit (EIN: 474409309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Horizon School Pasadena located?
New Horizon School Pasadena is headquartered in Pasadena, California and files with the IRS under EIN 474409309. It is classified under NTEE code B20.
How many years of IRS 990 filings does New Horizon School Pasadena have?
New Horizon School Pasadena has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.4M in total revenue.
Filing History
IRS 990 filing history for New Horizon School Pasadena showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), New Horizon School Pasadena's revenue has grown by 11.9%, moving from $3.7M to $4.2M. Total assets increased by 71.8% over the same period, from $538K to $924K. Total functional expenses rose by 34.1%, from $3.2M to $4.3M. In its most recent filing year (2023), New Horizon School Pasadena reported a deficit of $137K, with expenses exceeding revenue. The organization holds $809K in liabilities against $924K in assets (debt-to-asset ratio: 87.5%), resulting in net assets of $115K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.3M | $924K | $809K | — | — |
| 2022 | $4.5M | $4.0M | $823K | $571K | — | View 990 |
| 2021 | $3.4M | $3.4M | $743K | $988K | — | View 990 |
| 2020 | $3.7M | $3.8M | $707K | $929K | — | View 990 |
| 2019 | $3.2M | $3.4M | $494K | $617K | — | View 990 |
| 2018 | $3.1M | $3.3M | $499K | $467K | — | View 990 |
| 2017 | $3.6M | $3.6M | $678K | $389K | — | View 990 |
| 2016 | $3.7M | $3.2M | $538K | $305K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.3M, and assets of $924K (revenue -6.5% year-over-year).
- 2022: Revenue of $4.5M, expenses of $4.0M, and assets of $823K (revenue +33.5% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.4M, and assets of $743K (revenue -9.5% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.8M, and assets of $707K (revenue +14.4% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.4M, and assets of $494K (revenue +6.3% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.3M, and assets of $499K (revenue -15.4% year-over-year).
- 2017: Revenue of $3.6M, expenses of $3.6M, and assets of $678K (revenue -3.7% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.2M, and assets of $538K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Horizon School Pasadena:
Data Sources and Methodology
This transparency report for New Horizon School Pasadena is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.