Horizon House Development Service Inc

Analysis

Horizon House Development Service Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Horizon House Development Service Inc reported income of $28.5m and spending of $28.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.7m to $28.5m (-7.2%), an average of -1.9% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horizon House Development Service 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 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Congregational Home ($28.5m), Gladney Center for Adoption ($28.5m) and Senior Living Choices of Virginia Inc ($28.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $184k (0.6% of expenses). Other salaries and wages came to $15.3m. At year end it held assets of $8.0m against liabilities of $1.5m, net assets of $6.5m.