Horizon Educational Services Inc

Analysis

Horizon Educational Services Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 1999, 27 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 Educational Services Inc reported income of $7.0m and spending of $4.9m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $7.0m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizon Educational Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Synergy School of Tomorrow Inc ($7.0m), Reformation Heritage Books Inc ($7.0m) and Innovative Education Services Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $100k (2.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $7.6m against liabilities of $5.5m, net assets of $2.1m. It reported 39 employees.