Grace Horizon Inc

Analysis

Grace Horizon Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Grace Horizon Inc reported income of $221k and spending of $195k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $142k to $221k (+55%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Horizon Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Hope Chest for Women Inc ($221k), Lamoni Community Daycare Funshine ($221k) and Friends of Moreno Valley Senior Center ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $30k (15% of expenses). Other salaries and wages came to $115k. At year end it held assets of $69k against liabilities of $0, net assets of $69k. It reported 5 employees.