Horizon House Inc

Analysis

Horizon House Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1990, 36 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, Horizon House Inc reported income of $5.9m and spending of $5.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $5.9m (+218%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horizon House Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include New Mexico Tech Foundation ($5.9m), Munson Dialysis Center ($5.9m) and Peo Program for Continuing Education ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $236k (4.1% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $12.5m against liabilities of $643k, net assets of $11.8m. It reported 101 employees.