Horizons Specialized Services Inc

Analysis

Horizons Specialized Services Inc is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in July 1975, 51 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 June 2023, Horizons Specialized Services Inc reported income of $6.5m and spending of $6.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $6.5m (+8.3%), an average of +2.0% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horizons Specialized Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Mission Vista ($6.5m), Family Services ($6.5m) and Community for New Direction Incorporation ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $296k (4.5% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $6.7m against liabilities of $1.0m, net assets of $5.7m. It reported 120 employees.