Horizons of Tuscarawas and Carroll Cos Inc

Analysis

Horizons of Tuscarawas and Carroll Cos Inc is a registered charity in United States, based in Dover, OH. It received its IRS tax-exemption ruling in December 1976, 50 years ago. 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 Tuscarawas and Carroll Cos Inc reported income of $8.2m and spending of $9.3m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $8.2m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horizons of Tuscarawas and Carroll Cos Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Lynn Colbert Charitable Foundation ($8.2m), Purpose Preparatory Academy Inc ($8.2m) and Appalachian Bible College Inc ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $358k (3.8% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $1.1m against liabilities of $4.5m, net assets of -$3.4m. It reported 312 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.