Hope Creek Academy Inc

Analysis

Hope Creek Academy Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in January 2011, 15 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 Creek Academy Inc reported income of $1.9m and spending of $1.6m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.9m (+37%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Creek Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Portsmouth STEM Academy ($1.9m), Tenn-Share ($1.9m) and James Madison Preparatory High School Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.6m against liabilities of $91k, net assets of $2.5m. It reported 32 employees.