Shared Horizons Inc

Analysis

Shared Horizons Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2004, 22 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 September 2023, Shared Horizons Inc reported income of $1.4m and spending of $1.5m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.4m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2022, when income rose by 56%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shared Horizons Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 61st percentile within DC. Charities of a similar size with the same main cause include Corvallis Homeless Shelter Coalition Inc ($1.4m), Toe River Aggregation Center Training Organization Regional Inc ($1.4m) and Family Support Center ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $161k (11% of expenses). Other salaries and wages came to $678k. At year end it held assets of $2.8m against liabilities of $817k, net assets of $2.0m. It reported 12 employees.