Horizon University Inc

Analysis

Horizon University Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2018, 8 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, Horizon University Inc reported income of $262k and spending of $276k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $294k to $262k (-11%), an average of -3.8% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizon University Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Naples Public Library ($262k), Options for College Success ($262k) and Northstar Classical School Inc ($262k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $21k (7.7% of expenses). Other salaries and wages came to $92k. At year end it held assets of $234k against liabilities of $16k, net assets of $218k. It reported 18 employees.