Horizon House

Analysis

Horizon House is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 1964, 62 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Horizon House reported income of $38.2m and spending of $37.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.8m to $38.2m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horizon House sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Air Force Retired Officers Community-Washington DC ($38.2m), Mental Health Association Inc ($38.2m) and Redstone Presbyterian Seniorcare ($38.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.2m (3.2% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $234.3m against liabilities of $182.0m, net assets of $52.2m. It reported 245 employees.