Is Shared Horizons Inc Legit?

Quick charity verification for Shared Horizons Inc (EIN: 201281715)

Verdict: Shared Horizons Inc appears trustworthy

90/100Mission Score
$2.0MRevenue
$3.1MAssets
2Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Shared Horizons Inc demonstrates a generally stable financial trajectory, with assets growing from $592,490 in 2015 to $3,068,471 currently, indicating sound financial management and growth. The organization has consistently reported zero officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. While the latest filing (202309) shows expenses ($1,510,748) exceeding revenue ($1,400,797), this appears to be an anomaly in recent years, as the prior period (202209) showed a healthy surplus of over $600,000. The organization's NTEE code P82 suggests a focus on human services, and the consistent growth in assets and revenue over the past decade points to increasing capacity to serve its beneficiaries. The significant increase in liabilities in the 202309 period to $817,075, compared to $43,237 in 202209, warrants further investigation to understand its nature and impact on long-term financial health.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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