Horizon Charitable Foundation Inc
Horizon Charitable Foundation Inc maintains substantial assets despite volatile annual revenues and expenses, consistently reporting no officer compensation.
EIN: 200252405 · Newark, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $3.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $77 |
| Net Assets | $74.5M |
| Transparency Score | 85/100 |
Is Horizon Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horizon Charitable Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizon Charitable Foundation Inc
Horizon Charitable Foundation Inc (EIN: 200252405) is a nonprofit organization based in Newark, NJ, classified under NTEE code T20. The organization reported total revenue of $2.5M and total assets of $80.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizon Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizon Charitable Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.2M |
| Total Expenses | $3.7M |
| Surplus / Deficit | +$7.5M |
| Total Assets | $77.3M |
| Total Liabilities | $2.8M |
| Net Assets | $74.5M |
| Operating Margin | 67.2% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 252.3 months |
Financial Health Grade: A
In 2023, Horizon Charitable Foundation Inc reported a surplus of $7.5M with revenue exceeding expenses, holds 252.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Horizon Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1250.3% | +1.4% | +26.3% |
| 2022 | -82.4% | -59.8% | -20.6% |
| 2021 | -62.4% | +97.9% | +4.3% |
| 2020 | -43.4% | +5.8% | +21.5% |
| 2019 | +288.5% | -34.8% | +22.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Horizon Charitable Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Horizon Charitable Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with assets exceeding $77 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Horizon Charitable Foundation Inc's IRS 990 filings:
- Significant volatility in annual revenue and expenses, making financial forecasting challenging.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a precise efficiency assessment.
- Consistent 0% officer compensation for an organization of this size and asset base is unusual and warrants further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Horizon Charitable Foundation Inc:
- Strong and growing asset base, increasing from $53,214,087 in 2011 to $77,272,715 in 2023, indicating financial stability.
- Consistent reporting of 0% officer compensation, suggesting low overhead in executive pay.
- Positive net income in several years (e.g., 2023: $11.2M revenue vs. $3.6M expenses; 2019: $22.1M revenue vs. $4.3M expenses), contributing to asset growth.
- Long and consistent IRS 990 filing history (10 filings), indicating good compliance and transparency.
Frequently Asked Questions about Horizon Charitable Foundation Inc
Is Horizon Charitable Foundation Inc a legitimate charity?
Horizon Charitable Foundation Inc (EIN: 200252405) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.5M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Horizon Charitable Foundation Inc spend its money?
Horizon Charitable Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Horizon Charitable Foundation Inc tax-deductible?
Horizon Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200252405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Horizon Charitable Foundation Inc CEO make?
Horizon Charitable Foundation Inc's highest-compensated officer earns $77 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Horizon Charitable Foundation Inc's spending goes to programs?
Horizon Charitable Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horizon Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horizon Charitable Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horizon Charitable Foundation Inc located?
Horizon Charitable Foundation Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 200252405. It is classified under NTEE code T20.
How many years of IRS 990 filings does Horizon Charitable Foundation Inc have?
Horizon Charitable Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.5M in total revenue.
How does Horizon Charitable Foundation Inc manage its significant asset growth given its fluctuating annual revenues?
The organization's assets have grown from $53,214,087 in 2011 to $77,272,715 in 2023, suggesting effective investment strategies and/or significant contributions in years of high revenue, such as $22,180,115 in 2019 and $12,563,519 in 2020, which outpaced expenses.
What is the primary use of funds given the NTEE code T20 (Grantmaking Foundations)?
As a Grantmaking Foundation (T20), the primary use of funds would typically be to provide grants to other non-profit organizations or individuals, aligning with its charitable mission rather than direct service provision.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that either officers are unpaid volunteers, compensated by a related entity, or the organization's structure does not involve paid officers in the traditional sense, which is a notable financial characteristic.
What is the typical program spending ratio for Horizon Charitable Foundation Inc?
Without detailed expense breakdowns in the provided data, a precise program spending ratio cannot be calculated. However, as a grantmaking foundation, a significant portion of its total expenses would be expected to be in the form of grants (program service expenses).
Filing History
IRS 990 filing history for Horizon Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Horizon Charitable Foundation Inc's revenue has declined by 6.2%, moving from $12.0M to $11.2M. Total assets increased by 45.2% over the same period, from $53.2M to $77.3M. Total functional expenses fell by 6.3%, from $3.9M to $3.7M. In its most recent filing year (2023), Horizon Charitable Foundation Inc reported a surplus of $7.5M, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $77.3M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $74.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.2M | $3.7M | $77.3M | $2.8M | — | View 990 |
| 2022 | $830K | $3.6M | $61.2M | $2.9M | — | View 990 |
| 2021 | $4.7M | $9.0M | $77.0M | $4.2M | — | View 990 |
| 2020 | $12.6M | $4.6M | $73.8M | $1.4M | — | — |
| 2019 | $22.2M | $4.3M | $60.8M | $2.2M | — | — |
| 2015 | $5.7M | $6.6M | $49.5M | $4.5M | — | View 990 |
| 2014 | $3.5M | $5.1M | $55.7M | $3.4M | — | View 990 |
| 2013 | $3.3M | $5.1M | $58.1M | $4.2M | — | View 990 |
| 2012 | $1.9M | $8.2M | $54.0M | $5.0M | — | View 990 |
| 2011 | $12.0M | $3.9M | $53.2M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.2M, expenses of $3.7M, and assets of $77.3M (revenue +1250.3% year-over-year).
- 2022: Revenue of $830K, expenses of $3.6M, and assets of $61.2M (revenue -82.4% year-over-year).
- 2021: Revenue of $4.7M, expenses of $9.0M, and assets of $77.0M (revenue -62.4% year-over-year).
- 2020: Revenue of $12.6M, expenses of $4.6M, and assets of $73.8M (revenue -43.4% year-over-year).
- 2019: Revenue of $22.2M, expenses of $4.3M, and assets of $60.8M (revenue +288.5% year-over-year).
- 2015: Revenue of $5.7M, expenses of $6.6M, and assets of $49.5M (revenue +64.0% year-over-year).
- 2014: Revenue of $3.5M, expenses of $5.1M, and assets of $55.7M (revenue +4.0% year-over-year).
- 2013: Revenue of $3.3M, expenses of $5.1M, and assets of $58.1M (revenue +72.0% year-over-year).
- 2012: Revenue of $1.9M, expenses of $8.2M, and assets of $54.0M (revenue -83.7% year-over-year).
- 2011: Revenue of $12.0M, expenses of $3.9M, and assets of $53.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizon Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Horizon Charitable Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.