Horizons of Kent and Queen Annes Inc

Analysis

Horizons of Kent and Queen Annes Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Horizons of Kent and Queen Annes Inc reported income of $507k and spending of $522k, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $436k to $507k (+16%), an average of +3.8% a year. The sharpest change came in the year to August 2023, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizons of Kent and Queen Annes Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Independent Electrical Contractors-Dakotas Inc Education ($507k), Mirus Academy ($507k) and Downingtown Community Education Foundation ($507k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 87% and program service revenue 3.0% of the total. Other salaries and wages came to $294k. At year end it held assets of $549k against liabilities of $34k, net assets of $514k. It reported 48 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.