Horizon Science Academy-Springfield

Analysis

Horizon Science Academy-Springfield is a registered charity in United States, based in Toledo, 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-Springfield reported income of $7.6m and spending of $5.7m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $7.6m (+83%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 22%. 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 Academy-Springfield sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Eastern Washington University Foundation ($7.6m), Foundation for Educational Funding ($7.6m) and Baraga Houghton Keweenaw Child Development Board Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $122k (2.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $12.4m against liabilities of $11.6m, net assets of $839k. It reported 54 employees.