Horizons Programs Inc

Analysis

Horizons Programs Inc is a registered charity in United States, based in South Windham, CT. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Horizons Programs Inc reported income of $14.0m and spending of $14.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $14.0m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horizons Programs Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Kinnect ($14.0m), The Soup Kitchen Inc ($14.0m) and Heritage Health and Housing Inc ($14.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $314k (2.2% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $5.0m against liabilities of $3.2m, net assets of $1.8m. It reported 319 employees.