Horizons Residential Care Center Inc

Analysis

Horizons Residential Care Center Inc is a registered charity in United States, based in Rural Hall, NC. It received its IRS tax-exemption ruling in September 1973, 53 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, Horizons Residential Care Center Inc reported income of $8.9m and spending of $7.9m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.7m to $8.9m (+33%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horizons Residential Care Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Vitality Unlimited ($8.9m), Atwork ($8.9m) and Easter Seals West Kentucky Inc ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $126k (1.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $9.6m against liabilities of $401k, net assets of $9.2m. It reported 108 employees.