Horizons of Okaloosa County Inc

Analysis

Horizons of Okaloosa County Inc is a registered charity in United States, based in Ft Walton BCH, FL. It received its IRS tax-exemption ruling in April 1992, 34 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 of Okaloosa County Inc reported income of $7.0m and spending of $6.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $7.0m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horizons of Okaloosa County 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 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Volunteer Transportation Center Inc ($7.0m), Communio Foundation ($7.0m) and Athens Community Council on Aging Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $186k (2.7% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $2.7m against liabilities of $601k, net assets of $2.1m.