Hype Freedom School Inc

Analysis

Hype Freedom School Inc is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in May 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 2022, Hype Freedom School Inc reported income of $693k and spending of $619k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $474k to $693k (+46%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hype Freedom School Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Center for Wellness and Achievement in Education ($693k), Cuttingedge Learning Academy Inc ($693k) and Montessori Institute ($693k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $98k (16% of expenses). Other salaries and wages came to $224k. At year end it held assets of $436k against liabilities of $0, net assets of $436k. It reported 21 employees.