Horizonte Ministries

Analysis

Horizonte Ministries is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Horizonte Ministries reported income of $292k and spending of $309k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $485k to $292k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Horizonte Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Lay Mission Helpers Association ($292k), Powered to Move ($292k) and One Message Foundation Corporation ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 45% of the total. At year end it held assets of $90k against liabilities of $8,128, net assets of $82k.