Horizons K8

Analysis

Horizons K8 is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in February 2015, 11 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, Horizons K8 reported income of $5.2m and spending of $5.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $5.2m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizons K8 sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Worker Education & Resource Center Inc ($5.2m), Indigenous Pathways Inc ($5.2m) and Black Hills Educational Institute Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $480k (9.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.8m against liabilities of $8.1m, net assets of -$4.3m.