Horizon Charter School

Analysis

Horizon Charter School is a registered charity in United States, based in Lincoln, CA. It received its IRS tax-exemption ruling in November 2002, 24 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 Charter School reported income of $22.8m and spending of $19.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.4m to $22.8m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizon Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Savannah Christian Preparatory School Inc ($22.8m), Kings Ridge Christian School Inc ($22.9m) and Heritage Hall School Inc ($22.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.1m (5.6% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $12.3m against liabilities of $2.0m, net assets of $10.3m. It reported 161 employees.