Horizons Inc

Analysis

Horizons Inc is a registered charity in United States, based in South Windham, CT. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Horizons Inc reported income of $3.2m and spending of $3.1m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.5m to $3.2m (-28%), an average of -7.8% a year. The sharpest change came in the year to September 2021, when income rose by 99%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Horizons Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Pipeline Soccer Charitable Foundation Inc ($3.2m), Figure Skating in Harlem Inc ($3.2m) and Wisconsin Juniors Volleyball Club Inc ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $177k (5.6% of expenses). Other salaries and wages came to $959k. At year end it held assets of $11.0m against liabilities of $1.3m, net assets of $9.7m. It reported 178 employees.