Horizon Science Academy-Cleveland Middle School

Analysis

Horizon Science Academy-Cleveland Middle School 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-Cleveland Middle School reported income of $6.1m and spending of $4.3m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $6.1m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 85% 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-Cleveland Middle School 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 Morrisville College Foundation Inc ($6.1m), Gatewood Schools Inc ($6.1m) and Teamcfa Community Public Charter ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $105k (2.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.9m against liabilities of $4.4m, net assets of $1.5m. It reported 37 employees.