Hope Learning Academy Foundation

Analysis

Hope Learning Academy Foundation is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Learning Academy Foundation reported income of $69k and spending of $94k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $72k to $69k (-4.8%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 113% 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 Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Meadowbrook Music Boosters ($69k), Lincoln Crossing Elementary Schoolparent Teacher Club ($69k) and The Ewing-Katzenbach Parents Robotics Organization ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $492k against liabilities of $0, net assets of $492k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.