Hope Academy 2 Inc

Analysis

Hope Academy 2 Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in May 2008, 18 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 December 2023, Hope Academy 2 Inc reported income of $4.3m and spending of $3.7m, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.3m (+34%), an average of +10% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Academy 2 Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include 1199seiu Home Care Industry Education Fund ($4.3m), Sylvan Heights Science Charter School ($4.3m) and Bluefield State University Foundation Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $4.3m against liabilities of $686k, net assets of $3.6m. It reported 47 employees.