My First Horizon Inc

Analysis

My First Horizon Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in February 2005, 21 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 December 2023, My First Horizon Inc reported income of $438k and spending of $135k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $438k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My First Horizon Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Oregon Outreach Inc ($438k), Shackle Free Community Outreach Agency Inc ($438k) and Meadow Park Day Care Center ($438k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $62k (46% of expenses). Other salaries and wages came to $60k. At year end it held assets of $0 against liabilities of $0, net assets of $0.