Horizon Theatre Company Incorporated

Analysis

Horizon Theatre Company Incorporated is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Horizon Theatre Company Incorporated reported income of $1.2m and spending of $1.4m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Horizon Theatre Company Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Hellenic American Cultural Center & Museum of Oregon and SW Washington ($1.2m), Fort Wayne Civic Theatre Inc ($1.2m) and Wylde Center Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $106k (7.6% of expenses). Other salaries and wages came to $527k. At year end it held assets of $2.0m against liabilities of $300k, net assets of $1.7m. It reported 153 employees.