New Horizons For Children Inc

New Horizons For Children Inc shows volatile revenue and expenses, with no reported officer compensation.

EIN: 202382138 · Mentor, OH · Updated: 2026-03-28

$498KRevenue

$546KAssets

75/100Mission Score (Good)

About New Horizons For Children Inc

New Horizons For Children Inc (EIN: 202382138) is a nonprofit organization based in Mentor, OH. The organization reported total revenue of $498K and total assets of $546K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Horizons For Children Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

New Horizons For Children Inc exhibits fluctuating financial health over the past decade. While the organization reported total assets of $546,423 and latest revenue of $498,433, its financial performance has been inconsistent. For instance, in 2023, expenses ($659,593) significantly outstripped revenue ($342,689), leading to a substantial deficit. This contrasts sharply with 2022, where revenue ($968,566) comfortably exceeded expenses ($636,148). This volatility in revenue and expenses suggests potential challenges in consistent financial planning or reliance on unpredictable funding sources.

The organization demonstrates strong spending efficiency in terms of executive compensation, reporting 0% officer compensation across all available filings. This indicates that a very high proportion of funds are likely directed towards program services and operational costs rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The consistent low liabilities, such as $6,594 in 2023 and $6,474 in 2022, suggest good short-term financial management.

Transparency appears to be a strength, given the consistent filing of IRS Form 990s over 14 periods. The absence of officer compensation is a positive indicator for donors concerned about executive pay. However, the lack of a specified NTEE code makes it harder to benchmark its financial performance against similar organizations. Further transparency regarding the specific allocation of expenses beyond the high-level revenue and expense figures would enhance understanding of its operational efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Horizons For Children Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, New Horizons For Children Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is a significant strength, with 0% reported officer compensation across all 14 available filings, indicating that no funds are allocated to executive salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of New Horizons For Children Inc's IRS 990 filings:

Significant year-over-year revenue and expense volatility, exemplified by a $316,904 deficit in 2023.
Lack of NTEE code makes peer comparison difficult.

Strengths

The following positive indicators were identified for New Horizons For Children Inc:

Zero reported officer compensation across all 14 filings, indicating high efficiency in this area.
Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency.
Relatively low liabilities, suggesting good short-term financial management (e.g., $6,594 in 2023).

Frequently Asked Questions about New Horizons For Children Inc

Is New Horizons For Children Inc a good charity?

New Horizons For Children Inc demonstrates strong points like zero officer compensation and consistent IRS 990 filings. However, its financial stability is a concern due to significant year-to-year fluctuations in revenue and expenses, such as a $316,904 deficit in 2023 (Expenses $659,593 vs. Revenue $342,689).

Why is there no officer compensation reported?

The IRS 990 filings consistently report 0% officer compensation, which means that no salaries or other compensation were paid to the organization's officers, directors, trustees, or key employees during those periods. This is a positive indicator for donors concerned about executive pay.

What caused the significant deficit in 2023?

In 2023, the organization's expenses ($659,593) were nearly double its revenue ($342,689), resulting in a deficit of $316,904. The specific reasons for this disparity are not detailed in the provided summary, but it suggests either a substantial increase in program spending, operational costs, or a significant drop in donations/grants for that year.

Filing History

IRS 990 filing history for New Horizons For Children Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), New Horizons For Children Inc's revenue has declined by 65.7%, moving from $1000K to $343K. Total assets increased by 677.1% over the same period, from $65K to $508K. Total functional expenses fell by 33.3%, from $989K to $660K. In its most recent filing year (2023), New Horizons For Children Inc reported a deficit of $317K, with expenses exceeding revenue. The organization holds $7K in liabilities against $508K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $501K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$343K	$660K	$508K	$7K	—	—
2022	$969K	$636K	$842K	$6K	—	View 990
2021	$503K	$438K	$475K	$3K	—	View 990
2020	$169K	$255K	$405K	$71K	—	View 990
2019	$668K	$711K	$429K	$80K	—	View 990
2018	$834K	$853K	$477K	$88K	—	View 990
2017	$962K	$940K	$506K	$98K	—	View 990
2016	$952K	$926K	$470K	$84K	—	View 990
2015	$1.1M	$1.0M	$418K	$59K	—	View 990
2014	$1.4M	$1.4M	$319K	$82K	—	View 990
2013	$2.0M	$2.0M	$239K	$72K	—	View 990
2012	$1.1M	$1.1M	$165K	$2K	—	View 990
2011	$1.2M	$1.2M	$62K	$26K	—	View 990
2010	$1000K	$989K	$65K	$24K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $343K, expenses of $660K, and assets of $508K (revenue -64.6% year-over-year).
2022: Revenue of $969K, expenses of $636K, and assets of $842K (revenue +92.6% year-over-year).
2021: Revenue of $503K, expenses of $438K, and assets of $475K (revenue +197.3% year-over-year).
2020: Revenue of $169K, expenses of $255K, and assets of $405K (revenue -74.7% year-over-year).
2019: Revenue of $668K, expenses of $711K, and assets of $429K (revenue -19.8% year-over-year).
2018: Revenue of $834K, expenses of $853K, and assets of $477K (revenue -13.4% year-over-year).
2017: Revenue of $962K, expenses of $940K, and assets of $506K (revenue +1.1% year-over-year).
2016: Revenue of $952K, expenses of $926K, and assets of $470K (revenue -16.7% year-over-year).
2015: Revenue of $1.1M, expenses of $1.0M, and assets of $418K (revenue -20.2% year-over-year).
2014: Revenue of $1.4M, expenses of $1.4M, and assets of $319K (revenue -28.4% year-over-year).
2013: Revenue of $2.0M, expenses of $2.0M, and assets of $239K (revenue +81.4% year-over-year).
2012: Revenue of $1.1M, expenses of $1.1M, and assets of $165K (revenue -6.6% year-over-year).
2011: Revenue of $1.2M, expenses of $1.2M, and assets of $62K (revenue +18.2% year-over-year).
2010: Revenue of $1000K, expenses of $989K, and assets of $65K.

Data Sources and Methodology

This transparency report for New Horizons For Children Inc 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.