Sands Horizon Inc II

Analysis

Sands Horizon Inc II is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Sands Horizon Inc II reported income of $241k and spending of $276k, spending 114% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $206k to $241k (+17%), an average of +4.0% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sands Horizon Inc II sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within GA. Charities of a similar size with the same main cause include New Beginnings for Gilmer County ($241k), Columbia Community Housing Trust ($241k) and Hope Street of Siouxland ($241k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $26k (9.4% of expenses). Other salaries and wages came to $17k. At year end it held assets of $1.8m against liabilities of $67k, net assets of $1.7m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.