Employment Horizons Inc

Analysis

Employment Horizons Inc is a registered charity in United States, based in Cedar Knolls, NJ. It received its IRS tax-exemption ruling in June 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Employment Horizons Inc reported income of $10.0m and spending of $8.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.3m to $10.0m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Employment Horizons 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 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Southwest Alabama Partnership for Training and Employment Inc ($10.0m), East Los Angeles Community Union ($10.0m) and Effie Worldwide Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $435k (5.0% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $11.1m against liabilities of $393k, net assets of $10.7m. It reported 284 employees.