Horizon Science Academy Youngstown Inc

Analysis

Horizon Science Academy Youngstown Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in May 2011, 15 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 Youngstown Inc reported income of $9.8m and spending of $5.6m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $9.8m (+130%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 72% 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 Youngstown 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 Georgia Charter Educational Foundation Inc ($9.8m), Beehive Educational Services ($9.8m) and Lutz Preparatory School Inc ($9.8m).

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 $100k (1.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $13.2m against liabilities of $5.6m, net assets of $7.6m. It reported 45 employees.