Hope Community Christian Academy

Analysis

Hope Community Christian Academy is a registered charity in United States, based in Ignacio, CO. It received its IRS tax-exemption ruling in April 2012, 14 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, Hope Community Christian Academy reported income of $897k and spending of $648k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $294k to $897k (+205%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Community Christian Academy sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include CMCS Foundation ($897k), Boys & Girls Club of Morgan County Inc ($897k) and The Center for Applied Learning and Leadership ($897k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $81k (12% of expenses). Other salaries and wages came to $352k. At year end it held assets of $593k against liabilities of $62k, net assets of $531k. It reported 20 employees.