Horizons at CT State Norwalk Inc

Analysis

Horizons at CT State Norwalk Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Horizons at CT State Norwalk Inc reported income of $679k and spending of $640k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $152k to $679k (+346%), an average of +45% a year. The sharpest change came in the year to September 2020, when income rose by 227%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizons at CT State Norwalk Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include High School Youth Initiative Inc ($679k), Classic for Columbus ($679k) and Puerto Rico Educational System Inc ($679k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $96k (15% of expenses). Other salaries and wages came to $311k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 44 employees.