Is Horizon Science Acadamey Toledo Legit?

Quick charity verification for Horizon Science Acadamey Toledo (EIN: 200524037)

Verdict: Horizon Science Acadamey Toledo appears trustworthy

78/100Mission Score

$8.9MRevenue

$16.7MAssets

3Red Flags

3Strengths

Red Flags

High liabilities relative to assets in several periods, indicating significant debt burden.
Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data.
Consistent 0% officer compensation without further explanation, which could mask compensation through related parties or other means.

Strengths

Consistent revenue growth, reaching $10,968,917 in 202306.
Positive net income (revenue exceeding expenses) in most recent periods, indicating financial sustainability.
Significant increase in assets from $3,975,902 in 202106 to $17,120,684 in 202306, suggesting growth or investment.

Spending Breakdown

How Horizon Science Acadamey Toledo allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Horizon Science Acadamey Toledo

Is Horizon Science Acadamey Toledo a legitimate charity?

Based on AI analysis of IRS 990 filings, Horizon Science Acadamey Toledo (EIN: 200524037) appears trustworthy. Mission Score: 78/100. 3 red flags identified, 3 strengths noted.

Is Horizon Science Acadamey Toledo a good charity to donate to?

Horizon Science Acadamey Toledo has a Mission Score of 78/100. Revenue: $8.9M. Assets: $16.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Horizon Science Acadamey Toledo?

The Employer Identification Number (EIN) for Horizon Science Acadamey Toledo is 200524037. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Horizon Science Acadamey Toledo spend its money?

Horizon Science Acadamey Toledo allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Horizon Science Acadamey Toledo's tax-exempt status?

You can verify Horizon Science Acadamey Toledo's tax-exempt status using EIN 200524037 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Horizon Science Academy Toledo demonstrates a generally stable financial position with consistent revenue growth over the past several years, reaching $10,968,917 in the 202306 period. The organization consistently spends less than its revenue, as seen in the 202306 period where expenses were $8,521,966 against $10,968,917 in revenue, indicating sound financial management and the ability to build reserves. However, a notable point is the high liabilities relative to assets in several periods, such as $16,240,765 in liabilities against $17,120,684 in assets in 202306, suggesting significant debt or long-term obligations that warrant closer examination.

The organization's program spending efficiency appears strong, given its educational mission and the consistent surplus of revenue over expenses. The absence of reported officer compensation across all available filings suggests that executive leadership may be compensated through other means or that the organization operates with a volunteer board, which could be a positive indicator of resource allocation directly to its mission. Further transparency regarding the breakdown of expenses (program, administrative, fundraising) would provide a clearer picture of spending efficiency.

While the financial health shows growth and responsible spending relative to income, the persistent high liabilities compared to assets, particularly before 2023, could be a concern for long-term financial stability if not managed effectively. The significant increase in assets from $3,975,902 in 202106 to $17,120,684 in 202306, alongside a corresponding increase in liabilities, suggests potential capital investments or expansion, which should be detailed in their financial statements for full transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.