Horizons Unlimited Inc
Horizons Unlimited Inc operates with tight margins and no reported officer compensation.
EIN: 10431293 · Presque Isle, ME · NTEE: P33Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $185K |
| Total Expenses | $207K |
| Program Spending | 85% |
| Net Assets | $6K |
| Transparency Score | 85/100 |
Is Horizons Unlimited Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horizons Unlimited Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizons Unlimited Inc
Horizons Unlimited Inc (EIN: 10431293) is a nonprofit organization based in Presque Isle, ME, classified under NTEE code P33Z. The organization reported total revenue of $185K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizons Unlimited Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizons Unlimited Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $207K |
| Total Expenses | $207K |
| Surplus / Deficit | $-145 |
| Total Assets | $49K |
| Total Liabilities | $43K |
| Net Assets | $6K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 87.7% |
| Months of Reserves | 2.9 months |
Financial Health Grade: D
In 2023, Horizons Unlimited Inc reported a deficit of $145 with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 87.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Horizons Unlimited Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | +9.4% | -3.9% |
| 2022 | -5.4% | -5.4% | +3.3% |
| 2021 | +0.6% | +1.3% | -6.6% |
| 2020 | -11.0% | -12.5% | +4.9% |
| 2019 | -5.6% | -4.8% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Unlimited 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: 85%
- fundraising: 5%
According to IRS 990 filings, Horizons Unlimited Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $145, with expenses exceeding revenue.
- Debt-to-asset ratio: 87.7%.
Executive Compensation Analysis
Horizons Unlimited Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Unlimited Inc's IRS 990 filings:
- Limited financial reserves relative to annual operating expenses.
Strengths
The following positive indicators were identified for Horizons Unlimited Inc:
- Consistent financial operations with revenues closely matching expenses.
- Zero reported officer compensation across all filings, indicating strong commitment to mission.
- Long history of IRS 990 filings, demonstrating regulatory compliance and transparency.
- Lean operational model suggested by tight revenue-expense margins.
Frequently Asked Questions about Horizons Unlimited Inc
Is Horizons Unlimited Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horizons Unlimited Inc (EIN: 10431293) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Horizons Unlimited Inc spend its money?
Horizons Unlimited Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horizons Unlimited Inc tax-deductible?
Horizons Unlimited Inc is registered as a tax-exempt nonprofit (EIN: 10431293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Horizons Unlimited Inc's spending goes to programs?
Horizons Unlimited Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horizons Unlimited Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horizons Unlimited Inc is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horizons Unlimited Inc located?
Horizons Unlimited Inc is headquartered in Presque Isle, Maine and files with the IRS under EIN 10431293. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Horizons Unlimited Inc have?
Horizons Unlimited 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 $185K in total revenue.
Is Horizons Unlimited Inc a good charity?
Based on the provided data, Horizons Unlimited Inc appears to be a financially responsible charity, characterized by consistent operations, no reported officer compensation, and a history of regulatory compliance. Its tight revenue-to-expense ratio suggests efficient use of funds.
Does Horizons Unlimited Inc have sufficient financial reserves?
The organization's assets are relatively low compared to its annual revenue (e.g., $49,392 in assets vs. $207,295 revenue in 2023), suggesting limited financial reserves. This could make the organization vulnerable to unexpected financial challenges.
How transparent is Horizons Unlimited Inc?
Horizons Unlimited Inc demonstrates strong transparency through its consistent filing of IRS 990 forms over 13 periods and the explicit reporting of 0% officer compensation, which is a clear indicator of financial openness.
Filing History
IRS 990 filing history for Horizons Unlimited Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Horizons Unlimited Inc's revenue has declined by 14.4%, moving from $242K to $207K. Total assets increased by 3.4% over the same period, from $48K to $49K. Total functional expenses fell by 14.1%, from $242K to $207K. In its most recent filing year (2023), Horizons Unlimited Inc reported a deficit of $145, with expenses exceeding revenue. The organization holds $43K in liabilities against $49K in assets (debt-to-asset ratio: 87.7%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $207K | $207K | $49K | $43K | — | View 990 |
| 2022 | $191K | $190K | $51K | $45K | — | View 990 |
| 2021 | $202K | $200K | $50K | $45K | — | View 990 |
| 2020 | $200K | $198K | $53K | $49K | — | View 990 |
| 2019 | $225K | $226K | $51K | $49K | — | View 990 |
| 2018 | $238K | $238K | $51K | $48K | — | View 990 |
| 2017 | $247K | $251K | $57K | $55K | — | View 990 |
| 2016 | $236K | $236K | $46K | $40K | — | View 990 |
| 2015 | $242K | $241K | $48K | $42K | — | View 990 |
| 2014 | $253K | $253K | $46K | $40K | — | View 990 |
| 2013 | $255K | $248K | $43K | $37K | — | View 990 |
| 2012 | $240K | $239K | $44K | $44K | — | View 990 |
| 2011 | $242K | $242K | $48K | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $207K, expenses of $207K, and assets of $49K (revenue +8.7% year-over-year).
- 2022: Revenue of $191K, expenses of $190K, and assets of $51K (revenue -5.4% year-over-year).
- 2021: Revenue of $202K, expenses of $200K, and assets of $50K (revenue +0.6% year-over-year).
- 2020: Revenue of $200K, expenses of $198K, and assets of $53K (revenue -11.0% year-over-year).
- 2019: Revenue of $225K, expenses of $226K, and assets of $51K (revenue -5.6% year-over-year).
- 2018: Revenue of $238K, expenses of $238K, and assets of $51K (revenue -3.5% year-over-year).
- 2017: Revenue of $247K, expenses of $251K, and assets of $57K (revenue +4.6% year-over-year).
- 2016: Revenue of $236K, expenses of $236K, and assets of $46K (revenue -2.2% year-over-year).
- 2015: Revenue of $242K, expenses of $241K, and assets of $48K (revenue -4.5% year-over-year).
- 2014: Revenue of $253K, expenses of $253K, and assets of $46K (revenue -0.6% year-over-year).
- 2013: Revenue of $255K, expenses of $248K, and assets of $43K (revenue +5.9% year-over-year).
- 2012: Revenue of $240K, expenses of $239K, and assets of $44K (revenue -0.7% year-over-year).
- 2011: Revenue of $242K, expenses of $242K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizons Unlimited Inc:
Data Sources and Methodology
This transparency report for Horizons Unlimited 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.