Horizon Foundation of Howard County Inc

Analysis

Horizon Foundation of Howard County Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Horizon Foundation of Howard County Inc reported income of $5.2m and spending of $4.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $5.2m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income rose by 186%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horizon Foundation of Howard County 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 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Florida Health Professions Association Inc ($5.2m), South Park Inc ($5.2m) and Shirkey Diversified Health Services Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. Compensation of current officers, directors and key employees was $890k (18% of expenses). Other salaries and wages came to $701k. At year end it held assets of $93.2m against liabilities of $2.4m, net assets of $90.8m. It reported 11 employees.