Reseda Horizons

Analysis

Reseda 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reseda Horizons reported income of $170k and spending of $192k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $133k to $170k (+28%), an average of +6.4% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reseda Horizons sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Independence Area Food Pantry ($170k), Happily Ever After League Inc ($170k) and Wilsonville Community Sharing ($170k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $676k against liabilities of $989k, net assets of -$313k.

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.