Horizon Foundation Inc

Analysis

Horizon Foundation Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in July 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 December 2023, Horizon Foundation Inc reported income of $599k and spending of $699k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $599k (+104%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Horizon Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Nicholas Newlin Foundation ($598k), Culver City Rotary Community Foundation ($599k) and Norfolk Rescue Mission Inc ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $42k (6.0% of expenses). Other salaries and wages came to $66k. At year end it held assets of $810k against liabilities of $26k, net assets of $784k. It reported 3 employees.