Hortons Kids Inc

Analysis

Hortons Kids Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1993, 33 years ago. 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, Hortons Kids Inc reported income of $5.1m and spending of $4.7m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.9m to $5.1m (+78%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 74%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hortons Kids Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include Down East Family YMCA ($5.1m), Massachusetts Association for Mental Health ($5.1m) and Rochester Childfirst Network ($5.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $653k (14% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $8.9m against liabilities of $4.1m, net assets of $4.8m. It reported 65 employees.