Horizons a Family Service Alliance

Analysis

Horizons a Family Service Alliance is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in April 1980, 46 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 2023, Horizons a Family Service Alliance reported income of $5.0m and spending of $4.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $5.0m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horizons a Family Service Alliance sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include Francis House Inc ($5.0m), Worcester Jewish Community Center ($5.0m) and Little Red Hen Nursery Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $240k (5.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.2m against liabilities of $542k, net assets of $5.7m. It reported 73 employees.