Horizon Opportunities Inc

Analysis

Horizon Opportunities Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Horizon Opportunities Inc reported income of $130k and spending of $39k, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $28k to $130k (+372%), an average of +47% a year. The sharpest change came in the year to June 2021, when income dropped by 150%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horizon Opportunities Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Rock Springs Clinic ($130k), Aidan Jack Seeger Foundation Inc ($130k) and Down Syndrome Association of Miami Inc ($130k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $9.5m against liabilities of $8.7m, net assets of $782k.