Horizon Residential Alternatives II Inc

Analysis

Horizon Residential Alternatives II Inc is a registered charity in United States, based in Peru, IL. It received its IRS tax-exemption ruling in November 1996, 30 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 June 2024, Horizon Residential Alternatives II Inc reported income of $157k and spending of $179k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $161k to $157k (-2.5%), an average of -0.6% a year. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horizon Residential Alternatives II Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Bridge to Faith ($157k), Aim High Center Inc ($157k) and Pine Strawberry Food Bank Inc ($157k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 56% of the total. At year end it held assets of $754k against liabilities of $1.1m, net assets of -$326k.

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.