Higher Horizons Day Care Center Inc

Analysis

Higher Horizons Day Care Center Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in March 1965, 61 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, Higher Horizons Day Care Center Inc reported income of $6.1m and spending of $5.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $6.1m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Higher Horizons Day Care Center 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 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Furniture Bank ($6.1m), Connections for Abused Women and Their Children ($6.1m) and Operation Safe House Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $262k (4.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $1.4m against liabilities of $982k, net assets of $442k. It reported 100 employees.