Horizon Science Academy Twin Cities

Analysis

Horizon Science Academy Twin Cities is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in August 2019, 7 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 Science Academy Twin Cities reported income of $1.6m and spending of $2.4m, spending 150% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $902k to $1.6m (+74%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizon Science Academy Twin Cities sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include The Garage Community and Youth Center ($1.6m), Hillsboro Christian Academy ($1.6m) and Belleville Mennonite School ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $834k. At year end it held assets of $3.0m against liabilities of $5.1m, net assets of -$2.0m. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.