Horizon Science Acadamey Toledo
Horizon Science Academy Toledo shows consistent revenue growth and positive net income, but carries substantial liabilities.
EIN: 200524037 · Toledo, OH · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.9M |
| Total Expenses | $8.5M |
| Program Spending | 85% |
| Net Assets | $880K |
| Transparency Score | 78/100 |
Is Horizon Science Acadamey Toledo Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horizon Science Acadamey Toledo directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizon Science Acadamey Toledo
Horizon Science Acadamey Toledo (EIN: 200524037) is a nonprofit organization based in Toledo, OH, classified under NTEE code B29. The organization reported total revenue of $8.9M and total assets of $16.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizon Science Acadamey Toledo's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizon Science Acadamey Toledo is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.0M |
| Total Expenses | $8.5M |
| Surplus / Deficit | +$2.4M |
| Total Assets | $17.1M |
| Total Liabilities | $16.2M |
| Net Assets | $880K |
| Operating Margin | 22.3% |
| Debt-to-Asset Ratio | 94.9% |
| Months of Reserves | 24.1 months |
Financial Health Grade: A
In 2023, Horizon Science Acadamey Toledo reported a surplus of $2.4M with revenue exceeding expenses, holds 24.1 months of operating reserves (strong position), has a debt-to-asset ratio of 94.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Horizon Science Acadamey Toledo's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.2% | +19.9% | +18.5% |
| 2022 | +10.9% | +16.2% | +263.3% |
| 2021 | +31.6% | +1.1% | +50.9% |
| 2020 | -3.4% | +10.6% | +2.1% |
| 2019 | +5.9% | +56.4% | -14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Horizon Science Acadamey Toledo with a Mission Score of 78 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Horizon Science Acadamey Toledo allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be uncompensated or compensated through a related entity, which could indicate a strong commitment to directing funds towards the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Horizon Science Acadamey Toledo's IRS 990 filings:
- 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
The following positive indicators were identified for Horizon Science Acadamey Toledo:
- 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.
Frequently Asked Questions about Horizon Science Acadamey Toledo
Is Horizon Science Acadamey Toledo a legitimate charity?
Horizon Science Acadamey Toledo (EIN: 200524037) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 78/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.9M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Horizon Science Acadamey Toledo spend its money?
Horizon Science Acadamey Toledo directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Horizon Science Acadamey Toledo tax-deductible?
Horizon Science Acadamey Toledo is registered as a tax-exempt nonprofit (EIN: 200524037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Horizon Science Acadamey Toledo's spending goes to programs?
Horizon Science Acadamey Toledo directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horizon Science Acadamey Toledo compare to similar nonprofits?
With a transparency score of 78/100 (Good), Horizon Science Acadamey Toledo is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horizon Science Acadamey Toledo located?
Horizon Science Acadamey Toledo is headquartered in Toledo, Ohio and files with the IRS under EIN 200524037. It is classified under NTEE code B29.
How many years of IRS 990 filings does Horizon Science Acadamey Toledo have?
Horizon Science Acadamey Toledo has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.9M in total revenue.
What is the nature of Horizon Science Academy Toledo's significant liabilities?
The filings consistently show high liabilities, such as $16,240,765 in 202306, often close to or exceeding total assets in prior years. Understanding if these are long-term debts, mortgages, or other obligations is crucial for assessing financial risk.
How does Horizon Science Academy Toledo manage its executive compensation, given the 0% reported?
The consistent reporting of 0% officer compensation across all filings raises questions about how executive leadership is compensated, if at all, and whether compensation is reported under different categories or through related organizations.
What led to the substantial increase in assets and liabilities between 2021 and 2023?
Assets jumped from $3,975,902 in 202106 to $17,120,684 in 202306, with liabilities also increasing significantly. This suggests major capital expenditures or expansion, and details on these investments would provide greater clarity.
Filing History
IRS 990 filing history for Horizon Science Acadamey Toledo showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Horizon Science Acadamey Toledo's revenue has grown by 381.4%, moving from $2.3M to $11.0M. Total assets increased by 8704.3% over the same period, from $194K to $17.1M. Total functional expenses rose by 259%, from $2.4M to $8.5M. In its most recent filing year (2023), Horizon Science Acadamey Toledo reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $16.2M in liabilities against $17.1M in assets (debt-to-asset ratio: 94.9%), resulting in net assets of $880K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.0M | $8.5M | $17.1M | $16.2M | — | View 990 |
| 2022 | $8.7M | $7.1M | $14.4M | $16.0M | — | View 990 |
| 2021 | $7.8M | $6.1M | $4.0M | $7.1M | — | View 990 |
| 2020 | $6.0M | $6.1M | $2.6M | $7.5M | — | View 990 |
| 2019 | $6.2M | $5.5M | $2.6M | $7.3M | — | View 990 |
| 2018 | $5.8M | $3.5M | $3.0M | $8.5M | — | View 990 |
| 2017 | $6.6M | $7.1M | $2.8M | $9.1M | — | View 990 |
| 2016 | $6.2M | $6.2M | $1.9M | $7.8M | — | View 990 |
| 2015 | $6.1M | $6.0M | $1.0M | $7.0M | — | View 990 |
| 2014 | $5.8M | $5.6M | $712K | $460K | — | View 990 |
| 2013 | $4.9M | $4.6M | $382K | $325K | — | View 990 |
| 2012 | $2.3M | $2.6M | $297K | $511K | — | View 990 |
| 2011 | $2.3M | $2.4M | $194K | $108K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.0M, expenses of $8.5M, and assets of $17.1M (revenue +26.2% year-over-year).
- 2022: Revenue of $8.7M, expenses of $7.1M, and assets of $14.4M (revenue +10.9% year-over-year).
- 2021: Revenue of $7.8M, expenses of $6.1M, and assets of $4.0M (revenue +31.6% year-over-year).
- 2020: Revenue of $6.0M, expenses of $6.1M, and assets of $2.6M (revenue -3.4% year-over-year).
- 2019: Revenue of $6.2M, expenses of $5.5M, and assets of $2.6M (revenue +5.9% year-over-year).
- 2018: Revenue of $5.8M, expenses of $3.5M, and assets of $3.0M (revenue -12.1% year-over-year).
- 2017: Revenue of $6.6M, expenses of $7.1M, and assets of $2.8M (revenue +7.5% year-over-year).
- 2016: Revenue of $6.2M, expenses of $6.2M, and assets of $1.9M (revenue +0.5% year-over-year).
- 2015: Revenue of $6.1M, expenses of $6.0M, and assets of $1.0M (revenue +5.9% year-over-year).
- 2014: Revenue of $5.8M, expenses of $5.6M, and assets of $712K (revenue +18.4% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.6M, and assets of $382K (revenue +113.7% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.6M, and assets of $297K (revenue +0.4% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.4M, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizon Science Acadamey Toledo:
Data Sources and Methodology
This transparency report for Horizon Science Acadamey Toledo is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.