Horizons of Hope Inc

Analysis

Horizons of Hope Inc is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 of Hope Inc reported income of $601k and spending of $592k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $500k to $601k (+20%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horizons of Hope Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Healthy Smiles of Spartanburg Inc ($601k), Ames Senior Living ($601k) and Ora Lee Smith Cancer Research Foundation ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $247k. At year end it held assets of $1.2m against liabilities of $6,669, net assets of $1.2m. It reported 47 employees.