Horizons Delmarva Inc

Analysis

Horizons Delmarva Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Horizons Delmarva Inc reported income of $497k and spending of $484k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $432k to $497k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 115%. 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 Delmarva 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 69th percentile within MD. Charities of a similar size with the same main cause include Bethlehem Lutheran Preschool Inc ($497k), SC Career Kids ($497k) and Springfield Christian School ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 1.7% of the total. Other salaries and wages came to $312k. It paid $14k in professional fundraising fees. At year end it held assets of $286k against liabilities of $0, net assets of $286k. It reported 59 employees.