Project Horizon Inc

Analysis

Project Horizon Inc is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in June 1985, 41 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 June 2023, Project Horizon Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.4m (+15%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Horizon Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Project Hope Food Bank Inc ($1.4m), Pine Forest Inc ($1.4m) and Womens & Childrens Crisis Shelter ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $138k (10% of expenses). Other salaries and wages came to $706k. At year end it held assets of $2.2m against liabilities of $32k, net assets of $2.2m. It reported 37 employees.