Horizon Education Centers

Analysis

Horizon Education Centers is a registered charity in United States, based in North Olmsted, OH. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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 December 2023, Horizon Education Centers reported income of $22.0m and spending of $21.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.8m to $22.0m (+104%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horizon Education Centers sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Family Centers Inc ($22.0m), Jenkins Memorial Nursing Home Inc ($22.0m) and St Josephs Rehabilitation Center Inc ($21.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $251k (1.2% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $26.3m against liabilities of $15.7m, net assets of $10.7m.