Horizon Science Academy Denison
Horizon Science Academy Denison shows consistent revenue growth and zero reported executive compensation over a decade.
EIN: 202003228 · Cleveland, OH · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $4.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $2.7M |
| Transparency Score | 90/100 |
Is Horizon Science Academy Denison Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horizon Science Academy Denison directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizon Science Academy Denison
Horizon Science Academy Denison (EIN: 202003228) is a nonprofit organization based in Cleveland, OH, classified under NTEE code B29. The organization reported total revenue of $4.4M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizon Science Academy Denison's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizon Science Academy Denison is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $6.3M |
| Total Liabilities | $3.6M |
| Net Assets | $2.7M |
| Operating Margin | 28.0% |
| Debt-to-Asset Ratio | 57.8% |
| Months of Reserves | 18.3 months |
Financial Health Grade: A
In 2023, Horizon Science Academy Denison reported a surplus of $1.6M with revenue exceeding expenses, holds 18.3 months of operating reserves (strong position), has a debt-to-asset ratio of 57.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Horizon Science Academy Denison's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.9% | +34.7% | +17.7% |
| 2022 | +21.3% | +2.9% | +81.9% |
| 2021 | +5.5% | -9.6% | +33.3% |
| 2020 | +10.8% | +15.1% | +67.6% |
| 2019 | +21.6% | +72.9% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Academy Denison with a Mission Score of 90 out of 100 (Excellent). 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 Academy Denison 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 $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.8%.
Executive Compensation Analysis
Horizon Science Academy Denison consistently reports 0% officer compensation across all 13 filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with revenues exceeding $5 million.
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 Academy Denison's IRS 990 filings:
- Unusually high liabilities in prior years relative to assets, though improving.
- Lack of detailed breakdown for program vs. administrative expenses in provided data, requiring estimation for spending breakdown.
Strengths
The following positive indicators were identified for Horizon Science Academy Denison:
- Consistent and strong revenue growth, reaching $5,757,160 in 2023.
- Significant asset accumulation, growing to $6,312,765 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Positive net income (revenue exceeding expenses) in recent years, contributing to financial stability.
- Clear mission alignment with NTEE code B29 (Elementary & Secondary Education).
Frequently Asked Questions about Horizon Science Academy Denison
Is Horizon Science Academy Denison a legitimate charity?
Horizon Science Academy Denison (EIN: 202003228) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.4M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Horizon Science Academy Denison spend its money?
Horizon Science Academy Denison directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Horizon Science Academy Denison tax-deductible?
Horizon Science Academy Denison is registered as a tax-exempt nonprofit (EIN: 202003228). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Horizon Science Academy Denison CEO make?
Horizon Science Academy Denison's highest-compensated officer earns $5 annually. The organization reported $4.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Horizon Science Academy Denison's spending goes to programs?
Horizon Science Academy Denison directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horizon Science Academy Denison compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Horizon Science Academy Denison 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 Academy Denison located?
Horizon Science Academy Denison is headquartered in Cleveland, Ohio and files with the IRS under EIN 202003228. It is classified under NTEE code B29.
How many years of IRS 990 filings does Horizon Science Academy Denison have?
Horizon Science Academy Denison 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 $4.4M in total revenue.
Is Horizon Science Academy Denison a good charity?
Based on its financial data, Horizon Science Academy Denison appears to be a well-managed organization with strong financial health, consistent revenue growth, and a clear commitment to its mission as evidenced by 0% officer compensation and increasing assets. Its program spending efficiency is likely high given these factors.
How has the organization's financial health changed over time?
The organization has shown significant financial improvement, with revenue growing from $2,740,463 in 2016 to $5,757,160 in 2023, and assets increasing from $580,807 to $6,312,765 over the same period. Liabilities have also seen a recent positive trend, decreasing from their peak.
What is the organization's approach to executive compensation?
Horizon Science Academy Denison reports 0% officer compensation in all available filings, suggesting that its leadership either volunteers their time or is compensated through other means not categorized as 'officer compensation' on the 990, which is a highly efficient use of funds.
Filing History
IRS 990 filing history for Horizon Science Academy Denison showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Horizon Science Academy Denison's revenue has grown by 97.9%, moving from $2.9M to $5.8M. Total assets increased by 1012.4% over the same period, from $567K to $6.3M. Total functional expenses rose by 45.9%, from $2.8M to $4.1M. In its most recent filing year (2023), Horizon Science Academy Denison reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $3.6M in liabilities against $6.3M in assets (debt-to-asset ratio: 57.8%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $4.1M | $6.3M | $3.6M | — | View 990 |
| 2022 | $4.8M | $3.1M | $5.4M | $4.3M | — | View 990 |
| 2021 | $3.9M | $3.0M | $3.0M | $3.6M | — | View 990 |
| 2020 | $3.7M | $3.3M | $2.2M | $3.8M | — | View 990 |
| 2019 | $3.4M | $2.9M | $1.3M | $3.3M | — | View 990 |
| 2018 | $2.8M | $1.7M | $1.2M | $3.6M | — | View 990 |
| 2017 | $3.2M | $3.1M | $1.1M | $4.0M | — | View 990 |
| 2016 | $2.7M | $2.9M | $581K | $3.5M | — | View 990 |
| 2015 | $2.9M | $2.9M | $557K | $3.3M | — | View 990 |
| 2014 | $3.3M | $3.1M | $581K | $157K | — | View 990 |
| 2013 | $2.9M | $3.1M | $363K | $174K | — | View 990 |
| 2012 | $3.1M | $3.1M | $537K | $151K | — | View 990 |
| 2011 | $2.9M | $2.8M | $567K | $164K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $4.1M, and assets of $6.3M (revenue +20.9% year-over-year).
- 2022: Revenue of $4.8M, expenses of $3.1M, and assets of $5.4M (revenue +21.3% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.0M, and assets of $3.0M (revenue +5.5% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.3M, and assets of $2.2M (revenue +10.8% year-over-year).
- 2019: Revenue of $3.4M, expenses of $2.9M, and assets of $1.3M (revenue +21.6% year-over-year).
- 2018: Revenue of $2.8M, expenses of $1.7M, and assets of $1.2M (revenue -13.8% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.1M, and assets of $1.1M (revenue +16.8% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.9M, and assets of $581K (revenue -5.6% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.9M, and assets of $557K (revenue -12.7% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.1M, and assets of $581K (revenue +15.6% year-over-year).
- 2013: Revenue of $2.9M, expenses of $3.1M, and assets of $363K (revenue -7.0% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.1M, and assets of $537K (revenue +6.4% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.8M, and assets of $567K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizon Science Academy Denison:
Data Sources and Methodology
This transparency report for Horizon Science Academy Denison 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.