Horizons Academy of Maui Inc

Analysis

Horizons Academy of Maui Inc is a registered charity in United States, based in Kihei, HI. It received its IRS tax-exemption ruling in June 1997, 29 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, Horizons Academy of Maui Inc reported income of $1.0m and spending of $1.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.0m (-49%), an average of -16% a year. The sharpest change came in the year to June 2022, when income dropped by 39%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horizons Academy of Maui Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within HI. Charities of a similar size with the same main cause include Center for Future Global Leaders ($1.0m), Constellation Learning Institute ($1.0m) and West Deptford Free Public Library ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $90k (8.4% of expenses). Other salaries and wages came to $429k. At year end it held assets of $928k against liabilities of $607k, net assets of $322k. It reported 18 employees.