Hope School

Analysis

Hope School is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in June 1959, 67 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 School reported income of $35.4m and spending of $35.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.8m to $35.4m (+19%), an average of +4.4% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Saint-Mary-Of-The-Woods College ($35.4m), Friends of the Children of Mississippi Inc ($35.4m) and Gorman Learning Center Inc ($35.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $208k (0.6% of expenses). Other salaries and wages came to $18.0m. At year end it held assets of $19.6m against liabilities of $3.4m, net assets of $16.1m. It reported 567 employees.