New Horizons Of Southwest
New Horizons Of Southwest consistently directs 100% of officer compensation to programs, demonstrating strong financial efficiency and growth.
EIN: 113678086 · Naples, FL · NTEE: P99 · Updated: 2026-03-28
Is New Horizons Of Southwest Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Horizons Of Southwest directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Horizons Of Southwest
New Horizons Of Southwest (EIN: 113678086) is a nonprofit organization based in Naples, FL, classified under NTEE code P99. The organization reported total revenue of $3.3M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Horizons Of Southwest's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Horizons Of Southwest is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$53K |
| Total Assets | $2.2M |
| Total Liabilities | $293K |
| Net Assets | $1.9M |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 9.2 months |
Financial Health Grade: A
In 2023, New Horizons Of Southwest reported a surplus of $53K with revenue exceeding expenses, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Horizons Of Southwest's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.1% | -7.1% | +8.7% |
| 2022 | +27.0% | +10.2% | -6.1% |
| 2021 | +-0.0% | +5.4% | +11.2% |
| 2020 | +6.0% | +17.0% | +49.7% |
| 2019 | +48.0% | +38.0% | +33.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Horizons Of Southwest with a Mission Score of 95 out of 100 (Excellent). 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 Of Southwest 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $53K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size, with revenues exceeding $2.8 million in 2023, and suggests a strong volunteer leadership model or alternative compensation structures not reported as officer compensation.
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 Of Southwest's IRS 990 filings:
- Unusually low reported liabilities relative to assets in some years, which could warrant further investigation into financial reporting nuances.
- Zero reported officer compensation for an organization of this size, while positive, could indicate alternative compensation structures or a highly volunteer-dependent leadership model that might not be sustainable long-term without further detail.
Strengths
The following positive indicators were identified for New Horizons Of Southwest:
- Consistent and significant revenue growth over the past decade, from $659,176 in 2014 to $2,898,561 in 2023.
- Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to programs.
- High program spending efficiency, with expenses closely matching revenue and a large portion dedicated to mission-related activities.
- Healthy asset-to-liability ratio, with assets of $2,177,846 and liabilities of $293,015 in 2023.
- Positive net assets growth, demonstrating financial stability and capacity building over time.
Frequently Asked Questions about New Horizons Of Southwest
Is New Horizons Of Southwest a legitimate charity?
Based on AI analysis of IRS 990 filings, New Horizons Of Southwest (EIN: 113678086) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does New Horizons Of Southwest spend its money?
New Horizons Of Southwest directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Horizons Of Southwest tax-deductible?
New Horizons Of Southwest is registered as a tax-exempt nonprofit (EIN: 113678086). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is New Horizons Of Southwest a good charity?
Based on its consistent financial growth, high program spending efficiency (estimated 90% of expenses to programs), and zero reported officer compensation, New Horizons Of Southwest appears to be a very good charity, effectively utilizing its resources for its mission.
How has the organization's revenue trended over time?
New Horizons Of Southwest has shown remarkable revenue growth, increasing from $659,176 in 2014 to $2,898,561 in 2023, indicating strong and sustained donor support.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its leadership either volunteers their time or is compensated through means not classified as officer compensation on the 990 form, which is a significant indicator of resource dedication to programs.
How do their assets compare to their liabilities?
In 2023, assets were $2,177,846 while liabilities were $293,015, indicating a very healthy financial position with assets significantly outweighing liabilities.
Filing History
IRS 990 filing history for New Horizons Of Southwest showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Horizons Of Southwest's revenue has grown by 768.5%, moving from $334K to $2.9M. Total assets increased by 1756% over the same period, from $117K to $2.2M. Total functional expenses rose by 662.7%, from $373K to $2.8M. In its most recent filing year (2023), New Horizons Of Southwest reported a surplus of $53K, with revenue exceeding expenses. The organization holds $293K in liabilities against $2.2M in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.8M | $2.2M | $293K | — | View 990 |
| 2022 | $3.5M | $3.1M | $2.0M | $236K | — | View 990 |
| 2021 | $2.8M | $2.8M | $2.1M | $570K | — | View 990 |
| 2020 | $2.8M | $2.6M | $1.9M | $532K | — | View 990 |
| 2019 | $2.6M | $2.3M | $1.3M | $84K | — | View 990 |
| 2018 | $1.8M | $1.6M | $962K | $61K | — | View 990 |
| 2017 | $1.6M | $1.4M | $804K | $47K | — | View 990 |
| 2016 | $1.3M | $1.3M | $562K | $40K | — | View 990 |
| 2015 | $1.1M | $991K | $504K | $2K | — | View 990 |
| 2014 | $659K | $650K | $375K | $2K | — | View 990 |
| 2013 | $626K | $450K | $360K | $1K | — | View 990 |
| 2012 | $453K | $386K | $184K | $0 | — | View 990 |
| 2011 | $334K | $373K | $117K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.8M, and assets of $2.2M (revenue -18.1% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.1M, and assets of $2.0M (revenue +27.0% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.8M, and assets of $2.1M (revenue +-0.0% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.6M, and assets of $1.9M (revenue +6.0% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.3M, and assets of $1.3M (revenue +48.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.6M, and assets of $962K (revenue +10.0% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $804K (revenue +25.7% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $562K (revenue +14.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $991K, and assets of $504K (revenue +69.8% year-over-year).
- 2014: Revenue of $659K, expenses of $650K, and assets of $375K (revenue +5.3% year-over-year).
- 2013: Revenue of $626K, expenses of $450K, and assets of $360K (revenue +38.0% year-over-year).
- 2012: Revenue of $453K, expenses of $386K, and assets of $184K (revenue +35.9% year-over-year).
- 2011: Revenue of $334K, expenses of $373K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Horizons Of Southwest:
Data Sources and Methodology
This transparency report for New Horizons Of Southwest 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.