Wide Horizons for Children Inc

Analysis

Wide Horizons for Children Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wide Horizons for Children Inc reported income of $3.0m and spending of $3.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $3.0m (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wide Horizons for Children Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Alternative Living Inc ($3.0m), Rochester Child Care Center Inc ($3.0m) and My Choice Foundation ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $284k (8.3% of expenses). Other salaries and wages came to $864k. It paid $95k in professional fundraising fees. At year end it held assets of $4.3m against liabilities of $679k, net assets of $3.6m. It reported 28 employees.