Horizons Greater Philadelphia Inc

Analysis

Horizons Greater Philadelphia Inc is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in February 2020, 6 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, Horizons Greater Philadelphia Inc reported income of $741k and spending of $585k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $320k to $741k (+131%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horizons Greater Philadelphia Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include The Salina Symphony Inc ($741k), Santa Ynez Valley Airport Authority ($741k) and Crosier Village of Phoenix ($741k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $141k (24% of expenses). At year end it held assets of $665k against liabilities of $3,244, net assets of $662k. It reported 2 employees.