Hope Academy Gso Inc

Analysis

Hope Academy Gso Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hope Academy Gso Inc reported income of $1.9m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $998k to $1.9m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Academy Gso Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Haven Education ($1.9m), University of the Philippines Medical Alumni Society in America ($1.9m) and Tunica Institute of Learning Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $94k (5.1% of expenses). Other salaries and wages came to $935k. At year end it held assets of $4.5m against liabilities of $65k, net assets of $4.4m. It reported 38 employees.