Horizons for Youth

Analysis

Horizons for Youth is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Horizons for Youth reported income of $2.3m and spending of $2.7m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.3m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to June 2020, when income rose by 75%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Horizons for Youth 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 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include KVC Endowment Inc ($2.3m), Ketcha Outdoors ($2.3m) and Yaay Me ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $197k (7.2% of expenses). Other salaries and wages came to $940k. At year end it held assets of $2.6m against liabilities of $112k, net assets of $2.5m. It reported 16 employees.