New Horizon Thrift Store
EIN: 464976166 · Pine City, MN · NTEE: P29
| Metric | Value |
|---|---|
| Total Revenue | $174K |
| Total Expenses | $133K |
| Net Assets | $164K |
Is New Horizon Thrift Store 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 Thrift Store
New Horizon Thrift Store (EIN: 464976166) is a nonprofit organization based in Pine City, MN, classified under NTEE code P29. The organization reported total revenue of $174K and total assets of $383K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Horizon Thrift Store's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Horizon Thrift Store is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 18.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $176K |
| Total Expenses | $133K |
| Surplus / Deficit | +$43K |
| Total Assets | $368K |
| Total Liabilities | $204K |
| Net Assets | $164K |
| Operating Margin | 24.3% |
| Debt-to-Asset Ratio | 55.5% |
| Months of Reserves | 33.2 months |
Financial Health Grade: A
In 2023, New Horizon Thrift Store reported a surplus of $43K with revenue exceeding expenses, holds 33.2 months of operating reserves (strong position), has a debt-to-asset ratio of 55.5% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), New Horizon Thrift Store's revenue has grown at a compound annual growth rate (CAGR) of 18.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +9.9% | +12.2% |
| 2022 | +68.8% | +26.0% | +10.8% |
| 2021 | +133.5% | +141.4% | +4.9% |
| 2020 | -45.8% | -44.0% | +426.9% |
| 2019 | +13.6% | +23.8% | +19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Horizon Thrift Store 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 Thrift Store 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 surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.5%.
Frequently Asked Questions about New Horizon Thrift Store
Is New Horizon Thrift Store a legitimate charity?
Based on AI analysis of IRS 990 filings, New Horizon Thrift Store (EIN: 464976166) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Horizon Thrift Store spend its money?
Detailed spending breakdown data is not yet available for New Horizon Thrift Store. Check back for updated IRS 990 analysis.
Are donations to New Horizon Thrift Store tax-deductible?
New Horizon Thrift Store is registered as a tax-exempt nonprofit (EIN: 464976166). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Horizon Thrift Store located?
New Horizon Thrift Store is headquartered in Pine City, Minnesota and files with the IRS under EIN 464976166. It is classified under NTEE code P29.
How many years of IRS 990 filings does New Horizon Thrift Store have?
New Horizon Thrift Store has 10 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 $174K in total revenue.
Filing History
IRS 990 filing history for New Horizon Thrift Store showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), New Horizon Thrift Store's revenue has grown by 369.7%, moving from $37K to $176K. Total assets increased by 2929.1% over the same period, from $12K to $368K. Total functional expenses rose by 420.7%, from $26K to $133K. In its most recent filing year (2023), New Horizon Thrift Store reported a surplus of $43K, with revenue exceeding expenses. The organization holds $204K in liabilities against $368K in assets (debt-to-asset ratio: 55.5%), resulting in net assets of $164K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $176K | $133K | $368K | $204K | — | — |
| 2022 | $171K | $121K | $328K | $207K | — | View 990 |
| 2021 | $101K | $96K | $296K | $0 | — | View 990 |
| 2020 | $43K | $40K | $282K | $225K | — | View 990 |
| 2019 | $80K | $71K | $54K | $0 | — | View 990 |
| 2018 | $70K | $57K | $45K | $0 | — | View 990 |
| 2017 | $58K | $54K | $32K | $0 | — | View 990 |
| 2016 | $59K | $49K | $28K | $0 | — | View 990 |
| 2015 | $51K | $45K | $18K | $0 | — | View 990 |
| 2014 | $37K | $26K | $12K | $286 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $176K, expenses of $133K, and assets of $368K (revenue +3.0% year-over-year).
- 2022: Revenue of $171K, expenses of $121K, and assets of $328K (revenue +68.8% year-over-year).
- 2021: Revenue of $101K, expenses of $96K, and assets of $296K (revenue +133.5% year-over-year).
- 2020: Revenue of $43K, expenses of $40K, and assets of $282K (revenue -45.8% year-over-year).
- 2019: Revenue of $80K, expenses of $71K, and assets of $54K (revenue +13.6% year-over-year).
- 2018: Revenue of $70K, expenses of $57K, and assets of $45K (revenue +21.2% year-over-year).
- 2017: Revenue of $58K, expenses of $54K, and assets of $32K (revenue -1.7% year-over-year).
- 2016: Revenue of $59K, expenses of $49K, and assets of $28K (revenue +15.7% year-over-year).
- 2015: Revenue of $51K, expenses of $45K, and assets of $18K (revenue +36.2% year-over-year).
- 2014: Revenue of $37K, expenses of $26K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Horizon Thrift Store:
Data Sources and Methodology
This transparency report for New Horizon Thrift Store 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.