Horizon Community Learning Center Inc

Analysis

Horizon Community Learning Center Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 1996, 30 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 Community Learning Center Inc reported income of $17.3m and spending of $16.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.5m to $17.3m (+28%), an average of +6.4% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizon Community Learning Center Inc 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 96th percentile within AZ. Charities of a similar size with the same main cause include Watershed Agricultural Council of the New York City Watersheds Inc ($17.3m), Purdue Polytechnic High School of Indianapolis ($17.3m) and Lincoln Learning Solutions Inc ($17.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $209k (1.3% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $18.5m against liabilities of $21.5m, net assets of -$3.0m. It reported 252 employees.