The International Academy of Hope

Analysis

The International Academy of Hope is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, The International Academy of Hope reported income of $20.8m and spending of $18.3m, spending 88% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $9.7m to $20.8m (+114%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The International Academy of Hope sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Dimensions Healthcare Associates ($20.8m), Education Training and Research Associates ($20.8m) and Frederiksted Health Care Inc ($20.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $221k (1.2% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $62.2m against liabilities of $46.9m, net assets of $15.3m. It reported 261 employees.