Hope Chinese Charter School

Analysis

Hope Chinese Charter School is a registered charity in United States, based in Beaverton, OR. 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, Hope Chinese Charter School reported income of $5.4m and spending of $4.6m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.3m to $5.4m (+61%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 27%. 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 Chinese Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OR. Charities of a similar size with the same main cause include Grace Christian Academy of Leipers Fork ($5.4m), Philadelphia-Montgomery Chrisitan Academy ($5.4m) and Southeast Educational Foundation ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $155k (3.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $6.3m against liabilities of $5.3m, net assets of $1.0m. It reported 75 employees.