Horizon Science Academy-Cincinnati

Analysis

Horizon Science Academy-Cincinnati is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 2005, 21 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 Academy-Cincinnati reported income of $4.1m and spending of $3.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $4.1m (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizon Science Academy-Cincinnati sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Fairplex Learning and Development Center ($4.1m), Gretchen C Northrup Foundation ($4.1m) and Colorado Uplift ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $78k (2.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.1m against liabilities of $4.0m, net assets of -$823k. It reported 37 employees.