Hope Farm School

Analysis

Hope Farm School is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2016, 10 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 August 2023, Hope Farm School reported income of $912k and spending of $840k, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.3m to $912k (-29%), an average of -8.3% a year. The sharpest change came in the year to August 2022, when income dropped by 66%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Farm School 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 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Elgin Community College Foundation ($912k), Community Roots School ($912k) and Shajara Tayyiba Holdings Inc ($912k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% and program service revenue 8.6% of the total. Other salaries and wages came to $187k. At year end it held assets of $3.7m against liabilities of $164k, net assets of $3.6m. It reported 9 employees.