Horizon Foundation Inc

Analysis

Horizon Foundation Inc is a registered charity in United States, based in Conyers, GA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Horizon Foundation Inc reported income of $69k and spending of $110k, spending 158% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $212k to $69k (-67%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Horizon Foundation Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within GA. Charities of a similar size with the same main cause include India Bible Education Enterprises Inc ($69k), Kaur Foundation Inc ($69k) and Jesus King of All Nations Devotion Inc ($69k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.