Horizons Counseling Center Inc
Horizons Counseling Center Inc. faces recent operating deficits despite no reported officer compensation.
EIN: 20438582 · Laconia, NH · NTEE: F20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $666K |
| Total Expenses | $915K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $290,712 |
| Net Assets | $978K |
| Transparency Score | 75/100 |
Is Horizons Counseling Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horizons Counseling Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizons Counseling Center Inc
Horizons Counseling Center Inc (EIN: 20438582) is a nonprofit organization based in Laconia, NH, classified under NTEE code F20Z. The organization reported total revenue of $666K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizons Counseling Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizons Counseling Center Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $657K |
| Total Expenses | $915K |
| Surplus / Deficit | $-257,792 |
| Total Assets | $1.0M |
| Total Liabilities | $24K |
| Net Assets | $978K |
| Operating Margin | -39.2% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 13.1 months |
Financial Health Grade: B
In 2023, Horizons Counseling Center Inc reported a deficit of $258K with expenses exceeding revenue, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Horizons Counseling Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | +6.0% | -19.1% |
| 2022 | -45.1% | -11.2% | -13.2% |
| 2021 | -10.6% | +13.7% | +21.6% |
| 2020 | +31.7% | +15.5% | +78.5% |
| 2019 | +56.5% | +37.7% | +156.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Horizons Counseling Center Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Horizons Counseling Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 deficit of $258K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly commendable for an organization of its size with revenues ranging from $290,712 to $1,395,405.
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 Horizons Counseling Center Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $257,792 in 2023 and $178,890 in 2022).
- Significant decline in revenue from a peak of $1,395,405 in 2020 to $657,069 in 2023.
- Decrease in total assets from $1,426,690 in 2021 to $1,002,206 in 2023, potentially indicating a draw-down on reserves.
Strengths
The following positive indicators were identified for Horizons Counseling Center Inc:
- No reported officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
- Low liabilities relative to assets, suggesting good debt management (e.g., $24,404 liabilities vs. $1,002,206 assets in 2023).
- Consistent filing history (13 filings) demonstrates transparency and compliance.
- Significant asset growth over the long term, from $16,248 in 2015 to over $1 million in recent years.
Frequently Asked Questions about Horizons Counseling Center Inc
Is Horizons Counseling Center Inc a legitimate charity?
Horizons Counseling Center Inc (EIN: 20438582) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $666K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Horizons Counseling Center Inc spend its money?
Horizons Counseling Center Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Horizons Counseling Center Inc tax-deductible?
Horizons Counseling Center Inc is registered as a tax-exempt nonprofit (EIN: 20438582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Horizons Counseling Center Inc CEO make?
Horizons Counseling Center Inc's highest-compensated officer earns $290,712 annually. The organization reported $666K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Horizons Counseling Center Inc's spending goes to programs?
Horizons Counseling Center Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horizons Counseling Center Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Horizons Counseling Center Inc is above average for NTEE category F20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horizons Counseling Center Inc located?
Horizons Counseling Center Inc is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20438582. It is classified under NTEE code F20Z.
How many years of IRS 990 filings does Horizons Counseling Center Inc have?
Horizons Counseling Center Inc has 13 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 $666K in total revenue.
Is Horizons Counseling Center Inc. financially stable given recent operating deficits?
While the organization has a history of strong asset growth, recent years (2022 and 2023) show expenses exceeding revenue by significant margins ($178,890 in 2022 and $257,792 in 2023), which could impact long-term stability if not addressed.
How does the lack of officer compensation impact the organization's operations?
The 0% officer compensation suggests a volunteer-driven leadership or that compensation is covered by other means not reported as officer compensation, which can free up more funds for programs but might also raise questions about leadership sustainability.
What caused the significant drop in revenue from $1,395,405 in 2020 to $657,069 in 2023?
The provided data does not specify the reasons for this substantial decline in revenue, which is a critical factor in understanding the organization's current financial challenges.
Filing History
IRS 990 filing history for Horizons Counseling Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Horizons Counseling Center Inc's revenue has grown by 61.3%, moving from $407K to $657K. Total assets increased by 299.1% over the same period, from $251K to $1.0M. Total functional expenses rose by 130.3%, from $397K to $915K. In its most recent filing year (2023), Horizons Counseling Center Inc reported a deficit of $258K, with expenses exceeding revenue. The organization holds $24K in liabilities against $1.0M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $978K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $657K | $915K | $1.0M | $24K | — | — |
| 2022 | $684K | $863K | $1.2M | $3K | — | View 990 |
| 2021 | $1.2M | $972K | $1.4M | $12K | — | View 990 |
| 2020 | $1.4M | $854K | $1.2M | $34K | — | View 990 |
| 2019 | $1.1M | $740K | $657K | $59K | — | View 990 |
| 2018 | $677K | $537K | $257K | $56K | — | View 990 |
| 2017 | $403K | $397K | $103K | $42K | — | View 990 |
| 2016 | $411K | $345K | $83K | $46K | — | View 990 |
| 2015 | $291K | $367K | $16K | $45K | — | View 990 |
| 2014 | $393K | $467K | $75K | $28K | — | View 990 |
| 2013 | $430K | $508K | $141K | $6K | — | View 990 |
| 2012 | $363K | $399K | $223K | $9K | — | View 990 |
| 2011 | $407K | $397K | $251K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $657K, expenses of $915K, and assets of $1.0M (revenue -4.0% year-over-year).
- 2022: Revenue of $684K, expenses of $863K, and assets of $1.2M (revenue -45.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $972K, and assets of $1.4M (revenue -10.6% year-over-year).
- 2020: Revenue of $1.4M, expenses of $854K, and assets of $1.2M (revenue +31.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $740K, and assets of $657K (revenue +56.5% year-over-year).
- 2018: Revenue of $677K, expenses of $537K, and assets of $257K (revenue +68.1% year-over-year).
- 2017: Revenue of $403K, expenses of $397K, and assets of $103K (revenue -2.0% year-over-year).
- 2016: Revenue of $411K, expenses of $345K, and assets of $83K (revenue +41.3% year-over-year).
- 2015: Revenue of $291K, expenses of $367K, and assets of $16K (revenue -26.1% year-over-year).
- 2014: Revenue of $393K, expenses of $467K, and assets of $75K (revenue -8.5% year-over-year).
- 2013: Revenue of $430K, expenses of $508K, and assets of $141K (revenue +18.2% year-over-year).
- 2012: Revenue of $363K, expenses of $399K, and assets of $223K (revenue -10.8% year-over-year).
- 2011: Revenue of $407K, expenses of $397K, and assets of $251K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizons Counseling Center Inc:
Data Sources and Methodology
This transparency report for Horizons Counseling Center 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.