Horizon Homes Inc

Analysis

Horizon Homes Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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 2024, Horizon Homes Inc reported income of $274k and spending of $206k, leaving 25% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income grew from $259k to $274k (+6.0%), an average of +1.2% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horizon Homes Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within AL. Charities of a similar size with the same main cause include Little League Baseball Inc ($274k), Keystone State Games Inc ($274k) and St Botolph Club Foundation ($274k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $427k against liabilities of $24k, net assets of $402k.