Horizon Hearts Inc

Analysis

Horizon Hearts Inc is a registered charity in United States, based in Hempstead, NY. It received its IRS tax-exemption ruling in February 2017, 9 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 December 2023, Horizon Hearts Inc reported income of $2.9m and spending of $2.1m, leaving 26% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $250k to $2.9m (+1057%), an average of +63% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horizon Hearts Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include South Dakota Network Against Family Violence & Sexual Assault ($2.9m), Southern AIDS Coalition ($2.9m) and Stages Theatre Company Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.1m against liabilities of $276k, net assets of $793k. It reported 38 employees.