Horizon Health Services Inc

Analysis

Horizon Health Services Inc is a registered charity in United States, based in Ivor, VA. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Horizon Health Services Inc reported income of $7.4m and spending of $6.7m, spending 91% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $4.6m to $7.4m (+59%), an average of +12% a year. The sharpest change came in the year to March 2023, when income rose by 29%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horizon Health Services Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Untold Inc ($7.4m), West Tennessee Healthcare Foundation ($7.4m) and Northern California P E T Imaging Center ($7.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $558k (8.3% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $9.2m against liabilities of $1.0m, net assets of $8.2m. It reported 74 employees.