Horace Mann Educational Associates Inc

Analysis

Horace Mann Educational Associates Inc is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Horace Mann Educational Associates Inc reported income of $42.7m and spending of $41.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.1m to $42.7m (+6.4%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horace Mann Educational Associates Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Jevs Care at Home ($42.6m), Young Mens Christian Association of Greater Brandywine ($42.7m) and One Sky Community Services Inc ($42.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $426k (1.0% of expenses). Other salaries and wages came to $23.9m. It paid $57k in professional fundraising fees. At year end it held assets of $30.8m against liabilities of $14.5m, net assets of $16.4m. It reported 739 employees.