Horizon Healthcare Partners

Analysis

Horizon Healthcare Partners is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Horizon Healthcare Partners reported income of $6.4m and spending of $6.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $6.4m (+130%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horizon Healthcare Partners sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within RI. Charities of a similar size with the same main cause include Friends of the Global Fight Against AIDS Tuberculosis and Malaria ($6.4m), Integris Health Foundation Inc ($6.4m) and Hopehealth Community Visiting Nurse Agency Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $183k (2.9% of expenses). Other salaries and wages came to $634k. At year end it held assets of $3.6m against liabilities of $2.1m, net assets of $1.4m. It reported 12 employees.