Horizon Science Academy Elementary School

Analysis

Horizon Science Academy Elementary School is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 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 Elementary School reported income of $8.6m and spending of $8.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $8.6m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 89% 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 Elementary School 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 95th percentile within OH. Charities of a similar size with the same main cause include Ohionet ($8.5m), Plan Bee Academy ($8.6m) and Dauphin County Library System ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $101k (1.2% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $15.7m against liabilities of $12.5m, net assets of $3.2m. It reported 88 employees.