Horizon Science Academy-Denison

Analysis

Horizon Science Academy-Denison is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2008, 18 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-Denison reported income of $5.8m and spending of $4.1m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $5.8m (+71%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 76% 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-Denison sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include New Dimensions - a Public Charter School ($5.8m), Kansas City Metropolitan Community Colleges Building Corporation ($5.8m) and Council of Graduate Schools ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $99k (2.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.3m against liabilities of $3.6m, net assets of $2.7m. It reported 37 employees.