Horizon Health Care Inc

Analysis

Horizon Health Care Inc is a registered charity in United States, based in Howard, SD. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Horizon Health Care Inc reported income of $36.1m and spending of $37.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.8m to $36.1m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horizon Health Care Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SD. Charities of a similar size with the same main cause include Valley Homes and Services ($36.1m), Indian Health Center of Santa Clara Valley ($36.1m) and Downtown Bronx Medical Associates PC ($36.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $1.5m (4.0% of expenses). Other salaries and wages came to $16.2m. At year end it held assets of $27.4m against liabilities of $11.5m, net assets of $15.9m. It reported 396 employees.