Horizons Center For Independent Living
EIN: 550588367 · Parkersburg, WV · NTEE: F32
| Metric | Value |
|---|---|
| Total Revenue | $508K |
| Total Expenses | $408K |
| Net Assets | $394K |
Is Horizons Center For Independent Living Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Horizons Center For Independent Living
Horizons Center For Independent Living (EIN: 550588367) is a nonprofit organization based in Parkersburg, WV, classified under NTEE code F32. The organization reported total revenue of $508K and total assets of $487K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizons Center For Independent Living's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizons Center For Independent Living is a small nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $313K |
| Total Expenses | $408K |
| Surplus / Deficit | $-95,196 |
| Total Assets | $410K |
| Total Liabilities | $16K |
| Net Assets | $394K |
| Operating Margin | -30.4% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 12.1 months |
Financial Health Grade: B
In 2024, Horizons Center For Independent Living reported a deficit of $95K with expenses exceeding revenue, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Horizons Center For Independent Living's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -20.0% | -6.2% | -19.1% |
| 2023 | +24.9% | +17.5% | -6.8% |
| 2022 | -13.5% | +17.5% | -9.6% |
| 2021 | +42.3% | -4.3% | +8.2% |
| 2020 | -4.9% | -15.3% | -13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Horizons Center For Independent Living has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Horizons Center For Independent Living with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $95K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.0%.
Frequently Asked Questions about Horizons Center For Independent Living
Is Horizons Center For Independent Living a legitimate charity?
Horizons Center For Independent Living (EIN: 550588367) is a registered tax-exempt nonprofit based in West Virginia. It has 14 years of IRS 990 filings on record. Total revenue: $508K. No red flags identified. Financial health grade: B.
How does Horizons Center For Independent Living spend its money?
Horizons Center For Independent Living reported $508K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Horizons Center For Independent Living tax-deductible?
Horizons Center For Independent Living is registered as a tax-exempt nonprofit (EIN: 550588367). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Horizons Center For Independent Living located?
Horizons Center For Independent Living is headquartered in Parkersburg, West Virginia and files with the IRS under EIN 550588367. It is classified under NTEE code F32.
How many years of IRS 990 filings does Horizons Center For Independent Living have?
Horizons Center For Independent Living has 14 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 $508K in total revenue.
Filing History
IRS 990 filing history for Horizons Center For Independent Living showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Horizons Center For Independent Living's revenue has declined by 21.4%, moving from $398K to $313K. Total assets decreased by 37.3% over the same period, from $654K to $410K. Total functional expenses rose by 9.9%, from $372K to $408K. In its most recent filing year (2024), Horizons Center For Independent Living reported a deficit of $95K, with expenses exceeding revenue. The organization holds $16K in liabilities against $410K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $394K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $313K | $408K | $410K | $16K | — | — |
| 2023 | $391K | $435K | $508K | $18K | — | View 990 |
| 2022 | $313K | $371K | $544K | $11K | — | View 990 |
| 2021 | $362K | $316K | $602K | $11K | — | — |
| 2020 | $254K | $330K | $556K | $12K | — | View 990 |
| 2019 | $268K | $389K | $640K | $21K | — | View 990 |
| 2018 | $276K | $387K | $772K | $32K | — | View 990 |
| 2017 | $300K | $346K | $878K | $26K | — | View 990 |
| 2016 | $409K | $412K | $921K | $23K | — | View 990 |
| 2015 | $414K | $402K | $917K | $15K | — | View 990 |
| 2014 | $457K | $409K | $906K | $16K | — | View 990 |
| 2013 | $504K | $431K | $863K | $21K | — | View 990 |
| 2012 | $477K | $391K | $741K | $7K | — | View 990 |
| 2011 | $398K | $372K | $654K | $4K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $313K, expenses of $408K, and assets of $410K (revenue -20.0% year-over-year).
- 2023: Revenue of $391K, expenses of $435K, and assets of $508K (revenue +24.9% year-over-year).
- 2022: Revenue of $313K, expenses of $371K, and assets of $544K (revenue -13.5% year-over-year).
- 2021: Revenue of $362K, expenses of $316K, and assets of $602K (revenue +42.3% year-over-year).
- 2020: Revenue of $254K, expenses of $330K, and assets of $556K (revenue -4.9% year-over-year).
- 2019: Revenue of $268K, expenses of $389K, and assets of $640K (revenue -3.0% year-over-year).
- 2018: Revenue of $276K, expenses of $387K, and assets of $772K (revenue -7.9% year-over-year).
- 2017: Revenue of $300K, expenses of $346K, and assets of $878K (revenue -26.7% year-over-year).
- 2016: Revenue of $409K, expenses of $412K, and assets of $921K (revenue -1.2% year-over-year).
- 2015: Revenue of $414K, expenses of $402K, and assets of $917K (revenue -9.4% year-over-year).
- 2014: Revenue of $457K, expenses of $409K, and assets of $906K (revenue -9.3% year-over-year).
- 2013: Revenue of $504K, expenses of $431K, and assets of $863K (revenue +5.6% year-over-year).
- 2012: Revenue of $477K, expenses of $391K, and assets of $741K (revenue +19.8% year-over-year).
- 2011: Revenue of $398K, expenses of $372K, and assets of $654K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizons Center For Independent Living:
Data Sources and Methodology
This transparency report for Horizons Center For Independent Living 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.