Horizons Hampton Roads Inc

Analysis

Horizons Hampton Roads Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Horizons Hampton Roads Inc reported income of $746k and spending of $1.1m, spending 142% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $888k to $746k (-16%), an average of -4.3% a year. The sharpest change came in the year to September 2021, when income rose by 77%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Horizons Hampton Roads Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Ignitemobile Inc ($746k), We Want More Inc ($747k) and Jexal Foundation ($746k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $97k (9.1% of expenses). Other salaries and wages came to $560k. At year end it held assets of $1.1m against liabilities of $153k, net assets of $983k. It reported 82 employees.