Horizons New York City

Analysis

Horizons New York City is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 New York City reported income of $618k and spending of $769k, spending 124% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $832k to $618k (-26%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 72% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Horizons New York City sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Student Impact Initiative ($617k), Bike Union Mentoring Project ($618k) and 3 Seeds Mentoring Group NFP ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $140k (18% of expenses). Other salaries and wages came to $350k. At year end it held assets of $848k against liabilities of $186k, net assets of $662k. It reported 5 employees.