Horizon Institute for Public Service

Analysis

Horizon Institute for Public Service is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Horizon Institute for Public Service reported income of $4.4m and spending of $4.2m, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $11.9m to $4.4m (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 27% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Horizon Institute for Public Service 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 91st percentile, and in the 78th percentile within DC. Charities of a similar size with the same main cause include Admirals Cove Foundation Inc ($4.4m), Arlington Community Foundation ($4.4m) and Jesuit Volunteer Corps Northwest ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $271k (6.4% of expenses). Other salaries and wages came to $456k. At year end it held assets of $11.9m against liabilities of $19k, net assets of $11.9m. It reported 11 employees.