Horizon Homes Inc

Analysis

Horizon Homes Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in December 1972, 54 years ago. 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 December 2022, Horizon Homes Inc reported income of $10.0m and spending of $10.0m, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $9.3m to $10.0m (+8.0%), an average of +3.9% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horizon Homes Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Centers for Independence Inc ($10.0m), Hudsonville Christian School ($10.0m) and Make-A-Wish Foundation of North Texas ($10.0m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $6.5m. At year end it held assets of $5.7m against liabilities of $350k, net assets of $5.4m. It reported 183 employees.