Hope Online Learning Academy Co-Op

Analysis

Hope Online Learning Academy Co-Op is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Online Learning Academy Co-Op reported income of $19.2m and spending of $19.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.8m to $19.2m (+1.8%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Online Learning Academy Co-Op sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Native Project ($19.2m), Excellence Community Schools Inc ($19.2m) and Montague Charter Academy for the Arts and Sciences ($19.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $277k (1.4% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $4.6m against liabilities of $12.6m, net assets of -$8.0m. It reported 121 employees.