Horse Creek Academy

Analysis

Horse Creek Academy is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in March 2002, 24 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, Horse Creek Academy reported income of $15.4m and spending of $14.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $15.4m (+228%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 78%. 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, Horse Creek Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Axim Collaborative Inc ($15.4m), University of South Florida Research Foundation Inc ($15.4m) and Pinal Gila Community Child Services Inc ($15.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $192k (1.3% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $23.7m against liabilities of $23.2m, net assets of $537k. It reported 193 employees.