Hope Partnership for Education

Analysis

Hope Partnership for Education is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2003, 23 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 2024, Hope Partnership for Education reported income of $2.9m and spending of $3.1m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $2.9m (+106%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 61%. 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, Hope Partnership for Education sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Yancy Life Transition Center ($2.9m), Ilearn Collaborative ($2.9m) and Stepping Stones Academy Inc ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $168k (5.4% of expenses). Other salaries and wages came to $972k. At year end it held assets of $4.4m against liabilities of $1.1m, net assets of $3.3m. It reported 25 employees.