Horus Academy Inc
Nonprofit profile at a glance
- EIN
- 852760429
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2022
- Location
- Tampa, FL, USA
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $182,470
- Expenses
- $242,242
- Assets
- $27,495
- Liabilities
- $58,507
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Kenneth Brewer (Chair Person)
- Jonathan D Graham (VC and VP)
- Andrea S Graham-Morris (S T)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Supporting other 501c3 organization in identifying and providing education funding for scholarships trade school progam tuitions in underserved communities low income enterprise locales for youths adults veterans or other underprivileged individuals.
What it reported doing in 2024
Three direct scholarships granted to individual youth students and major contribution made to a community college for distribution to deserving students within the college student body.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 26
- Transparency & Controls: 93
- Sustainability: 13
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 29.3%; rating input score 29
- Program expense ratio: 22.1%; rating input score 22
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -32.8%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 2.13; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -72.9% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -27.8% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 29.3% of revenue deployed · 22.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $54K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 29/100.
- High — Financial Efficiency: Program expense ratio scored 22/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.