Horizon Residential Altrnatives Inc

Analysis

Horizon Residential Altrnatives Inc is a registered charity in United States, based in Peru, IL. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Horizon Residential Altrnatives Inc reported income of $182k and spending of $156k, spending 86% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $180k to $182k (+1.2%), an average of +1.2% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Horizon Residential Altrnatives Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Affordable Housing of Parker County Inc ($182k), Converse-Kokomo Oic Housing Services Inc ($182k) and Harmon Hill Apartments Inc ($182k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $340k against liabilities of $18k, net assets of $322k.