Logan Hope

Analysis

Logan Hope is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2002, 24 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 2023, Logan Hope reported income of $2.5m and spending of $2.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.5m (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Logan Hope sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Strategic Facility Partners Inc ($2.5m), Menlo Atherton High School Foundation for the Future ($2.5m) and Halifax County Smart Start Partnership for Children Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $58k (2.8% of expenses). Other salaries and wages came to $623k. At year end it held assets of $1.5m against liabilities of $98k, net assets of $1.4m. It reported 14 employees.