Horizon Education Alliance Inc

Analysis

Horizon Education Alliance Inc is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Horizon Education Alliance Inc reported income of $2.4m and spending of $2.6m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.4m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to June 2020, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizon Education Alliance Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Foundation of the Wisconsin Automobile & Truck Dealers Assoc ($2.4m), San Francisco Chapter of the a Phillip Randolph Institute ($2.4m) and Jacksonville Public Education Fund Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $165k (6.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $624k against liabilities of $0, net assets of $624k. It reported 26 employees.