Horizon Science Academy Inc
Horizon Science Academy Inc. shows consistent revenue growth and improved asset-to-liability ratio, with no reported officer compensation.
EIN: 208641415 · Columbus, OH · NTEE: B25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.1M |
| Total Expenses | $7.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Horizon Science Academy Inc 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 Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizon Science Academy Inc
Horizon Science Academy Inc (EIN: 208641415) is a nonprofit organization based in Columbus, OH, classified under NTEE code B25. The organization reported total revenue of $8.1M 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 Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizon Science Academy Inc is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.9M |
| Total Expenses | $7.5M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $11.8M |
| Total Liabilities | $8.9M |
| Net Assets | $2.9M |
| Operating Margin | 23.8% |
| Debt-to-Asset Ratio | 75.5% |
| Months of Reserves | 18.8 months |
Financial Health Grade: A
In 2023, Horizon Science Academy Inc reported a surplus of $2.3M with revenue exceeding expenses, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 75.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Horizon Science Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.7% | +23.7% | +24.2% |
| 2022 | +5.0% | +13.9% | +15.9% |
| 2021 | +38.9% | +0.0% | +27.8% |
| 2020 | +0.1% | +14.1% | +164.6% |
| 2019 | +7.3% | +57.3% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Horizon Science Academy Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.5%.
Executive Compensation Analysis
Horizon Science Academy Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly favorable for a nonprofit of its size with nearly $10 million in annual revenue.
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 Inc's IRS 990 filings:
- Historically high liabilities relative to assets in earlier periods (e.g., 201906 liabilities of $5,214,027 vs. assets of $2,420,169)
Strengths
The following positive indicators were identified for Horizon Science Academy Inc:
- 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).
Frequently Asked Questions about Horizon Science Academy Inc
Is Horizon Science Academy Inc a legitimate charity?
Horizon Science Academy Inc (EIN: 208641415) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Horizon Science Academy Inc spend its money?
Horizon Science Academy Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Horizon Science Academy Inc tax-deductible?
Horizon Science Academy Inc is registered as a tax-exempt nonprofit (EIN: 208641415). 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 Inc CEO make?
Horizon Science Academy Inc's highest-compensated officer earns $10 annually. The organization reported $8.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Horizon Science Academy Inc's spending goes to programs?
Horizon Science Academy Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horizon Science Academy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horizon Science Academy Inc is above average for NTEE category B25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horizon Science Academy Inc located?
Horizon Science Academy Inc is headquartered in Columbus, Ohio and files with the IRS under EIN 208641415. It is classified under NTEE code B25.
How many years of IRS 990 filings does Horizon Science Academy Inc have?
Horizon Science Academy Inc 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 $8.1M in total revenue.
Is Horizon Science Academy Inc. a good charity?
Based on the financial data, Horizon Science Academy Inc. appears to be a well-managed organization. It exhibits strong revenue growth, improved financial stability with assets now exceeding liabilities, and a notable commitment to its mission by reporting 0% officer compensation. These factors suggest it is a good charity in terms of financial health and resource allocation.
How has Horizon Science Academy Inc.'s financial stability changed over time?
Horizon Science Academy Inc.'s financial stability has significantly improved. In earlier periods, such as 201906, liabilities ($5,214,027) far exceeded assets ($2,420,169). However, by the 202306 period, assets ($11,775,332) comfortably surpassed liabilities ($8,891,761), indicating a substantial strengthening of its balance sheet.
What is the trend in Horizon Science Academy Inc.'s revenue?
Horizon Science Academy Inc. has demonstrated a strong and consistent upward trend in revenue, growing from $3,916,421 in 201406 to $9,871,747 in 202306, representing more than a 150% increase over the decade.
Filing History
IRS 990 filing history for Horizon Science Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Horizon Science Academy Inc's revenue has grown by 242.1%, moving from $2.9M to $9.9M. Total assets increased by 1766.5% over the same period, from $631K to $11.8M. Total functional expenses rose by 177.9%, from $2.7M to $7.5M. In its most recent filing year (2023), Horizon Science Academy Inc reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $8.9M in liabilities against $11.8M in assets (debt-to-asset ratio: 75.5%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.9M | $7.5M | $11.8M | $8.9M | — | — |
| 2022 | $7.6M | $6.1M | $9.5M | $8.9M | — | View 990 |
| 2021 | $7.3M | $5.3M | $8.2M | $9.2M | — | — |
| 2020 | $5.2M | $5.3M | $6.4M | $9.3M | — | — |
| 2019 | $5.2M | $4.7M | $2.4M | $5.2M | — | View 990 |
| 2018 | $4.9M | $3.0M | $2.4M | $5.7M | — | View 990 |
| 2017 | $4.7M | $5.0M | $2.0M | $6.2M | — | View 990 |
| 2016 | $4.4M | $4.5M | $816K | $4.7M | — | View 990 |
| 2015 | $4.0M | $3.8M | $825K | $4.6M | — | View 990 |
| 2014 | $3.9M | $3.9M | $554K | $208K | — | View 990 |
| 2013 | $3.5M | $3.6M | $500K | $172K | — | View 990 |
| 2012 | $2.9M | $2.9M | $578K | $216K | — | View 990 |
| 2011 | $2.9M | $2.7M | $631K | $229K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.9M, expenses of $7.5M, and assets of $11.8M (revenue +29.7% year-over-year).
- 2022: Revenue of $7.6M, expenses of $6.1M, and assets of $9.5M (revenue +5.0% year-over-year).
- 2021: Revenue of $7.3M, expenses of $5.3M, and assets of $8.2M (revenue +38.9% year-over-year).
- 2020: Revenue of $5.2M, expenses of $5.3M, and assets of $6.4M (revenue +0.1% year-over-year).
- 2019: Revenue of $5.2M, expenses of $4.7M, and assets of $2.4M (revenue +7.3% year-over-year).
- 2018: Revenue of $4.9M, expenses of $3.0M, and assets of $2.4M (revenue +3.2% year-over-year).
- 2017: Revenue of $4.7M, expenses of $5.0M, and assets of $2.0M (revenue +6.1% year-over-year).
- 2016: Revenue of $4.4M, expenses of $4.5M, and assets of $816K (revenue +10.5% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.8M, and assets of $825K (revenue +2.7% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.9M, and assets of $554K (revenue +10.6% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.6M, and assets of $500K (revenue +22.5% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.9M, and assets of $578K (revenue +0.2% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.7M, and assets of $631K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizon Science Academy Inc:
Data Sources and Methodology
This transparency report for Horizon Science Academy Inc 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.