Horizon Science Academy Inc

Analysis

Horizon Science Academy Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Horizon Science Academy Inc reported income of $9.9m and spending of $7.5m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $9.9m (+89%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 39%. 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 Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Middle Tennessee School of Anesthesia Inc ($9.9m), North Star Charter School Inc ($9.9m) and Mountainland Head Start ($9.9m).

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 $116k (1.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $11.8m against liabilities of $8.9m, net assets of $2.9m. It reported 81 employees.