Is Horizon Independent Living Corporation…

Quick charity verification for Horizon Independent Living Corporation Ii (EIN: 200741421)

Red Flags

Zero revenue and expenses in the latest 202206 filing, indicating potential dormancy or cessation of operations.
Consistent deficit spending in prior years (expenses exceeding revenue), leading to a steady decline in assets.
Significant decrease in assets from over $1 million in 2014 to $824,068 in 2022, without clear program expenditures in the latest year.
Unexplained sudden halt in all financial activity after years of consistent, albeit modest, operations.

Spending Breakdown

How Horizon Independent Living Corporation Ii allocates its funds across programs, administration, and fundraising.

Program Spending

Concerning — less than half to programs

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Horizon Independent Living Corporation Ii

Is Horizon Independent Living Corporation Ii a legitimate charity?

Based on AI analysis of IRS 990 filings, Horizon Independent Living Corporation Ii (EIN: 200741421) has notable concerns. Mission Score: 20/100. 4 red flags identified, 2 strengths noted.

Is Horizon Independent Living Corporation Ii a good charity to donate to?

Horizon Independent Living Corporation Ii has a Mission Score of 20/100. Revenue: $0. Assets: $824K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Horizon Independent Living Corporation Ii?

The Employer Identification Number (EIN) for Horizon Independent Living Corporation Ii is 200741421. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Horizon Independent Living Corporation Ii spend its money?

Horizon Independent Living Corporation Ii allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Horizon Independent Living Corporation Ii's tax-exempt status?

You can verify Horizon Independent Living Corporation Ii's tax-exempt status using EIN 200741421 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Horizon Independent Living Corporation II appears to be in a state of significant financial decline, as evidenced by its latest 202206 filing reporting $0 in both revenue and expenses, a stark contrast to previous years where it consistently generated over $100,000 in revenue. The organization's assets have also been steadily decreasing, from over $1 million in 2014 to $824,068 in 2022, indicating a depletion of resources without corresponding program activity in the most recent period. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean operational structure, which could be a strength in terms of minimizing overhead, but the lack of activity in the latest year raises concerns about its ongoing viability and program delivery.

The organization's financial health is precarious given the complete cessation of revenue and expenses in the latest filing. While previous years showed consistent, albeit modest, revenue and expenses, the current situation suggests either a dormancy or a significant operational shift not detailed in the provided data. Without any reported expenses in 2022, it's impossible to assess spending efficiency for that period. For prior years, expenses consistently exceeded revenue, leading to a gradual decline in assets. The transparency is good in terms of filing history, but the sudden drop to zero activity warrants further investigation to understand the organization's current status and future plans.

Given the NTEE code L22 (Independent Living Centers), the organization's mission likely involves supporting individuals with disabilities. However, the lack of financial activity in the most recent year makes it impossible to determine if this mission is currently being fulfilled. The consistent deficit spending in prior years, where expenses exceeded revenue by approximately $20,000-$30,000 annually, indicates a reliance on existing assets or other undisclosed funding sources to cover operational costs, which is not sustainable long-term. The organization's ability to continue its mission is highly questionable given the latest financial report.

Is Horizon Independent Living Corporation Ii Legit?

Verdict: Horizon Independent Living Corporation Ii has notable concerns