Association of Horizon Inc

Analysis

Association of Horizon Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Association of Horizon Inc reported income of $152k and spending of $161k, spending 106% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $136k to $152k (+11%), an average of +3.6% a year. The sharpest change came in the year to July 2023, when income rose by 71%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Association of Horizon Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include C4 Ministries of Laurens County ($152k), Bolivian Youth Ministries ($152k) and Mission Agape Corporation ($152k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $471k against liabilities of $0, net assets of $471k.