Horizon Science Academy Twin Cities
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 902,382 | 1,265,690 | −363,308 | -4.3 | 36% |
| 2021 | 1,395,528 | 1,602,268 | −206,740 | -5.3 | 31% |
| 2022 | 1,555,881 | 1,928,024 | −372,143 | -7.9 | 34% |
| 2023 | 1,574,124 | 2,356,629 | −782,505 | -10.4 | 35% |
In its most recent public year (2023), this organization spent $782,505 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.4 months), down from -4.3 in 2020. Staff pay was 35% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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