Horizons National Student Enrichment Program Inc

Analysis

Horizons National Student Enrichment Program Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 National Student Enrichment Program Inc reported income of $2.6m and spending of $4.3m, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.2m to $2.6m (-58%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Horizons National Student Enrichment Program Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Renaissance Education Foundation ($2.6m), Boys & Girls Club of Oyster Bay- East Norwich ($2.6m) and Eagle River Youth Coalition Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $1.2m (28% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.3m against liabilities of $319k, net assets of $4.0m. It reported 22 employees.