Horizons Foundation

Analysis

Horizons Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Horizons Foundation reported income of $12.0m and spending of $10.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $12.0m (+568%), an average of +61% a year. The sharpest change came in the year to June 2020, when income rose by 356%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Horizons Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Allegany County Human Resources Development Commission Inc ($12.0m), Brighton Park Neighborhood Council ($12.0m) and Eastern Atlantic States Carpenters Technical College ($12.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $1.0m (10% of expenses). Other salaries and wages came to $165k. At year end it held assets of $48.9m against liabilities of $1.8m, net assets of $47.1m. It reported 14 employees.