Discovering Horizons

Analysis

Discovering Horizons is a registered charity in United States, based in North Hills, CA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Discovering Horizons reported income of $123k and spending of $297k, spending 242% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $215k to $123k (-43%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 55%. Over the whole period it spent 172% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Discovering Horizons sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Belleville After School Program ($123k), Ipswich Caring Inc ($123k) and Gnu Foundation ($123k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. At year end it held assets of $1.3m against liabilities of $2.4m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.