Horizons For Homeless Children Inc
Horizons For Homeless Children: Strong Program Focus Amidst Asset Growth
EIN: 222915188 · Roxbury, MA · NTEE: P330 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $23.9M |
| Total Expenses | $15.5M |
| Program Spending | 79% |
| Net Assets | $44.2M |
| Transparency Score | 85/100 |
Is Horizons For Homeless Children Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horizons For Homeless Children Inc directs 79% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizons For Homeless Children Inc
Horizons For Homeless Children Inc (EIN: 222915188) is a nonprofit organization based in Roxbury, MA, classified under NTEE code P330. The organization reported total revenue of $23.9M and total assets of $69.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizons For Homeless Children Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizons For Homeless Children Inc is a large nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.4M |
| Total Expenses | $15.5M |
| Surplus / Deficit | +$3.8M |
| Total Assets | $63.1M |
| Total Liabilities | $18.9M |
| Net Assets | $44.2M |
| Operating Margin | 19.9% |
| Debt-to-Asset Ratio | 29.9% |
| Months of Reserves | 48.8 months |
Financial Health Grade: A
In 2024, Horizons For Homeless Children Inc reported a surplus of $3.8M with revenue exceeding expenses, holds 48.8 months of operating reserves (strong position), has a debt-to-asset ratio of 29.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Horizons For Homeless Children Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.6% | +6.6% | +8.1% |
| 2023 | -2.8% | +9.0% | +50.5% |
| 2022 | +15.9% | +17.1% | +1.2% |
| 2021 | +12.0% | -6.5% | +22.8% |
| 2020 | -14.7% | +15.3% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 For Homeless Children 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: 79%
- fundraising: 11%
According to IRS 990 filings, Horizons For Homeless Children Inc allocates its expenses as follows: admin: 10%, programs: 79%, fundraising: 11%. With 79% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.9%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data as specific compensation figures are not included in the financial snippets.
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.
Strengths
The following positive indicators were identified for Horizons For Homeless Children Inc:
- Consistent revenue growth over the past several years, from $7.9M in 2017 to $23.8M in 2024.
- High percentage of spending directed towards programs (79%), indicating a strong commitment to its mission.
- Significant asset growth, demonstrating robust financial management and capacity building.
- Low administrative and fundraising overhead (10% and 11% respectively).
Frequently Asked Questions about Horizons For Homeless Children Inc
Is Horizons For Homeless Children Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horizons For Homeless Children Inc (EIN: 222915188) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Horizons For Homeless Children Inc spend its money?
Horizons For Homeless Children Inc directs 79% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horizons For Homeless Children Inc tax-deductible?
Horizons For Homeless Children Inc is registered as a tax-exempt nonprofit (EIN: 222915188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Horizons For Homeless Children Inc's spending goes to programs?
Horizons For Homeless Children Inc directs 79% to programs, 11% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horizons For Homeless Children Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horizons For Homeless Children Inc is above average for NTEE category P330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horizons For Homeless Children Inc located?
Horizons For Homeless Children Inc is headquartered in Roxbury, Massachusetts and files with the IRS under EIN 222915188. It is classified under NTEE code P330.
How many years of IRS 990 filings does Horizons For Homeless Children Inc have?
Horizons For Homeless Children Inc 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 $23.9M in total revenue.
What does Horizons For Homeless Children Inc do?
Horizons For Homeless Children Inc is a nonprofit organization in the Human Services sector, located in Roxbury, Massachusetts. It is classified under NTEE code P330.
How much revenue does Horizons For Homeless Children Inc have?
Horizons For Homeless Children Inc reported total revenue of $23,861,440. Based on 14 IRS 990 filings on record.
What are Horizons For Homeless Children Inc's total assets?
Horizons For Homeless Children Inc holds total assets of $69,723,729 as reported in IRS 990 filings.
Where is Horizons For Homeless Children Inc located?
Horizons For Homeless Children Inc is based in Roxbury, Massachusetts.
What is Horizons For Homeless Children Inc's EIN?
Horizons For Homeless Children Inc's Employer Identification Number (EIN) is 222915188. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Horizons For Homeless Children Inc?
Horizons For Homeless Children Inc is classified under NTEE code P330 (Human Services).
Is Horizons For Homeless Children Inc a registered 501(c)(3)?
Yes, Horizons For Homeless Children Inc is recognized as a tax-exempt organization by the IRS. EIN: 222915188.
Does Horizons For Homeless Children Inc file IRS Form 990?
Yes, Horizons For Homeless Children Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Horizons For Homeless Children Inc's revenue in 2024?
In the 202406 filing period, Horizons For Homeless Children Inc reported total revenue of $19,351,861, total expenses of $15,505,676, and net assets of $63,111,081.
Is Horizons For Homeless Children Inc's revenue growing or declining?
Horizons For Homeless Children Inc's revenue is growing. Revenue went from $17,977,883 (202306) to $19,351,861 (202406), a +7.6% change. Based on 14 filings on record.
What is Horizons For Homeless Children Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Horizons For Homeless Children Inc covers tax period 202406. It shows revenue of $19,351,861, expenses of $15,505,676, total assets of $63,111,081, and liabilities of $18,894,688.
How much does Horizons For Homeless Children Inc spend on programs vs administration?
Based on IRS 990 analysis, Horizons For Homeless Children Inc allocates approximately 79% of expenses to program services, 10% to administrative costs, and 11% to fundraising. This indicates strong program focus.
Is Horizons For Homeless Children Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Horizons For Homeless Children Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Horizons For Homeless Children Inc's strengths?
Positive indicators for Horizons For Homeless Children Inc include: Consistent revenue growth over the past several years, from $7.9M in 2017 to $23.8M in 2024.. High percentage of spending directed towards programs (79%), indicating a strong commitment to its mission.. Significant asset growth, demonstrating robust financial management and capacity building.. Low administrative and fundraising overhead (10% and 11% respectively).. These findings are derived from AI analysis of the organization's financial filings.
How does Horizons For Homeless Children Inc compensate executives?
Executive compensation cannot be assessed from the provided data as specific compensation figures are not included in the financial snippets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial increase in assets from $38.8M in 2022 to $69.7M in 2024?
The significant increase in assets from $38.8M in 2022 to $69.7M in 2024 suggests potential capital campaigns, major donations, or investments in property/endowments, which would require further investigation into their detailed financial statements.
Given the consistent revenue growth, how has the organization managed to maintain a relatively stable program spending percentage?
Maintaining a stable program spending percentage amidst revenue growth indicates effective scaling of operations and a continued focus on core mission delivery, suggesting efficient resource allocation as the organization expands.
Filing History
IRS 990 filing history for Horizons For Homeless Children Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Horizons For Homeless Children Inc's revenue has grown by 122.8%, moving from $8.7M to $19.4M. Total assets increased by 226.6% over the same period, from $19.3M to $63.1M. Total functional expenses rose by 74.1%, from $8.9M to $15.5M. In its most recent filing year (2024), Horizons For Homeless Children Inc reported a surplus of $3.8M, with revenue exceeding expenses. The organization holds $18.9M in liabilities against $63.1M in assets (debt-to-asset ratio: 29.9%), resulting in net assets of $44.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $19.4M | $15.5M | $63.1M | $18.9M | — | View 990 |
| 2023 | $18.0M | $14.5M | $58.4M | $19.1M | — | View 990 |
| 2022 | $18.5M | $13.3M | $38.8M | $3.7M | — | View 990 |
| 2021 | $16.0M | $11.4M | $38.4M | $7.8M | — | View 990 |
| 2020 | $14.3M | $12.2M | $31.2M | $5.2M | — | View 990 |
| 2019 | $16.7M | $10.6M | $30.3M | $6.5M | — | View 990 |
| 2018 | $14.4M | $9.1M | $18.1M | $481K | — | View 990 |
| 2017 | $7.9M | $9.6M | $12.6M | $664K | — | View 990 |
| 2016 | $7.1M | $9.4M | $13.6M | $714K | — | View 990 |
| 2015 | $8.6M | $9.3M | $16.1M | $751K | — | View 990 |
| 2014 | $8.1M | $9.2M | $16.9M | $576K | — | View 990 |
| 2013 | $8.2M | $9.1M | $17.4M | $556K | — | View 990 |
| 2012 | $8.1M | $9.3M | $18.1M | $498K | — | View 990 |
| 2011 | $8.7M | $8.9M | $19.3M | $487K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $19.4M, expenses of $15.5M, and assets of $63.1M (revenue +7.6% year-over-year).
- 2023: Revenue of $18.0M, expenses of $14.5M, and assets of $58.4M (revenue -2.8% year-over-year).
- 2022: Revenue of $18.5M, expenses of $13.3M, and assets of $38.8M (revenue +15.9% year-over-year).
- 2021: Revenue of $16.0M, expenses of $11.4M, and assets of $38.4M (revenue +12.0% year-over-year).
- 2020: Revenue of $14.3M, expenses of $12.2M, and assets of $31.2M (revenue -14.7% year-over-year).
- 2019: Revenue of $16.7M, expenses of $10.6M, and assets of $30.3M (revenue +16.2% year-over-year).
- 2018: Revenue of $14.4M, expenses of $9.1M, and assets of $18.1M (revenue +81.6% year-over-year).
- 2017: Revenue of $7.9M, expenses of $9.6M, and assets of $12.6M (revenue +11.6% year-over-year).
- 2016: Revenue of $7.1M, expenses of $9.4M, and assets of $13.6M (revenue -17.8% year-over-year).
- 2015: Revenue of $8.6M, expenses of $9.3M, and assets of $16.1M (revenue +6.3% year-over-year).
- 2014: Revenue of $8.1M, expenses of $9.2M, and assets of $16.9M (revenue -0.4% year-over-year).
- 2013: Revenue of $8.2M, expenses of $9.1M, and assets of $17.4M (revenue +0.4% year-over-year).
- 2012: Revenue of $8.1M, expenses of $9.3M, and assets of $18.1M (revenue -6.5% year-over-year).
- 2011: Revenue of $8.7M, expenses of $8.9M, and assets of $19.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizons For Homeless Children Inc:
Data Sources and Methodology
This transparency report for Horizons For Homeless Children 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.