Horizon House Inc

Analysis

Horizon House Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 1999, 27 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 September 2023, Horizon House Inc reported income of $739k and spending of $618k, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $616k to $739k (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2021, when income rose by 15%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horizon House Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Interact Family Services ($739k), Creating a Family ($739k) and Young Mens Christian Association Cortland ($739k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $85k (14% of expenses). Other salaries and wages came to $315k. At year end it held assets of $1.5m against liabilities of $1,638, net assets of $1.5m. It reported 9 employees.