Academy of Hope Inc

Analysis

Academy of Hope Inc is a registered charity in United States, based in Statesboro, GA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 July 2023, Academy of Hope Inc reported income of $275k and spending of $240k, spending 87% of its income. Across the 4 years on record, from July 2020 to July 2023, income fell from $290k to $275k (-5.4%), an average of -1.8% a year. The sharpest change came in the year to July 2022, when income rose by 113%. Over the whole period it spent 114% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Academy of Hope Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include Little Traverse Sailors ($275k), Calcio Gives Back ($275k) and Bike Miami Valley Ohio ($275k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 87% of the total. Other salaries and wages came to $140k. At year end it held assets of $109k against liabilities of $195k, net assets of -$86k. It reported 5 employees.