Academy of Hope

Analysis

Academy of Hope is a registered charity in United States, based in Conway, SC. It received its IRS tax-exemption ruling in March 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, Academy of Hope reported income of $1.6m and spending of $1.7m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.6m (-0.6%), an average of -0.1% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Hope sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Evergreen Community School Inc ($1.6m), The Foundation for Catholic Secondary Education of Greater ($1.6m) and Preston Taylor Ministries ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. Other salaries and wages came to $847k. At year end it held assets of $550k against liabilities of $158k, net assets of $392k. It reported 29 employees.