Horizon Science Acadamey Toledo

Analysis

Horizon Science Acadamey Toledo is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Horizon Science Acadamey Toledo reported income of $11.0m and spending of $8.5m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $11.0m (+78%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizon Science Acadamey Toledo sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Cincinnati College Preparatory Academy ($11.0m), Signature Preparatory Inc ($11.0m) and American Association of Collegiate Registrars and Admissions Officers ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $100k (1.2% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $17.1m against liabilities of $16.2m, net assets of $880k. It reported 67 employees.