Horizon Academy

Analysis

Horizon Academy is a registered charity in United States, based in Roeland Park, KS. It received its IRS tax-exemption ruling in May 1997, 29 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 July 2023, Horizon Academy reported income of $4.4m and spending of $4.0m, spending 91% of its income. Across the 6 years on record, from June 2019 to July 2023, income grew from $2.8m to $4.4m (+55%), an average of +9.1% a year. The sharpest change came in the year to July 2023, when income rose by 46817%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizon Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KS. Charities of a similar size with the same main cause include Gracepoint School Inc ($4.4m), Montessori Community School Inc ($4.4m) and Depaul College Prep Foundation ($4.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $164k (4.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.2m against liabilities of $571k, net assets of $3.7m. It reported 61 employees.