Quick charity verification for Horizon Science Academy Inc (EIN: 208641415)
Verdict: Horizon Science Academy Inc appears trustworthy
85/100Mission Score
$8.1MRevenue
$16.7MAssets
1Red Flags
4Strengths
Red Flags
Historically high liabilities relative to assets in earlier periods (e.g., 201906 liabilities of $5,214,027 vs. assets of $2,420,169)
Strengths
Consistent and significant revenue growth, from $3.9M in 2014 to $9.8M in 2023.
Improved financial stability with assets ($11,775,332) now exceeding liabilities ($8,891,761) in the latest filing.
0% officer compensation reported across all filings, indicating strong resource allocation to mission.
Positive net income in recent years, such as 202306 where revenue ($9,871,747) significantly exceeded expenses ($7,522,389).
Spending Breakdown
How Horizon Science Academy Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Academy Inc
Is Horizon Science Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horizon Science Academy Inc (EIN: 208641415) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Horizon Science Academy Inc a good charity to donate to?
Horizon Science Academy Inc has a Mission Score of 85/100. Revenue: $8.1M. Assets: $16.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Horizon Science Academy Inc?
The Employer Identification Number (EIN) for Horizon Science Academy Inc is 208641415. 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 Academy Inc spend its money?
Horizon Science Academy Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Horizon Science Academy Inc's tax-exempt status?
You can verify Horizon Science Academy Inc's tax-exempt status using EIN 208641415 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 Inc. demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past decade, culminating in $9,871,747 in the 2023 fiscal period. The organization has also shown a positive trend in managing expenses relative to revenue, as evidenced by the 2023 period where expenses of $7,522,389 were well below revenue, contributing to an increase in net assets. While the organization's liabilities have historically been high, exceeding assets in several earlier periods, the most recent filing shows assets of $11,775,332 comfortably exceeding liabilities of $8,891,761, indicating improved financial stability. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.