Horizon Education Network

Analysis

Horizon Education Network is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 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, Horizon Education Network reported income of $173k and spending of $125k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $308k to $173k (-44%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horizon Education Network sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Cavetime Inc ($173k), Healing Cross Project ($173k) and Farmington Area Goodfellows Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 17% of the total. At year end it held assets of $883k against liabilities of $81k, net assets of $802k.