Hope Academy Northwest Campus

Analysis

Hope Academy Northwest Campus is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Academy Northwest Campus reported income of $3.8m and spending of $3.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.8m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Academy Northwest Campus sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Montessori Elementary at Highland Park ($3.8m), Cornerstone Preparatory Academy ($3.8m) and Midlands Technical College Foundation Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $2,438 (0.1% of expenses). At year end it held assets of $1.9m against liabilities of $2.2m, net assets of -$346k.