Horizons Collaborative Inc

Analysis

Horizons Collaborative Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Horizons Collaborative Inc reported income of $342k and spending of $322k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $342k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Horizons Collaborative Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Brook Oaks Senior Residences Inc ($342k), Sempiternal Society Inc ($342k) and Elmore Area Concerned Christians ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $1.0m against liabilities of $1.3m, net assets of -$307k.