Hope Learning Academy of Toledo

Analysis

Hope Learning Academy of Toledo is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in August 2014, 12 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 Learning Academy of Toledo reported income of $1.6m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.6m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Learning Academy of Toledo 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 84th percentile within OH. Charities of a similar size with the same main cause include University Christian Ministries Inc ($1.6m), Wissahickon Valley Public Library ($1.6m) and Care House of the Pee Dee Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $92k (5.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $104k against liabilities of $0, net assets of $104k. It reported 25 employees.