Academy of Hope Adult Public Charter School

Analysis

Academy of Hope Adult Public Charter School is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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, Academy of Hope Adult Public Charter School reported income of $12.2m and spending of $11.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $12.2m (+65%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Academy of Hope Adult Public Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 89th percentile within DC. Charities of a similar size with the same main cause include Boys & Girls Clubs of Greater Salt Lake ($12.1m), Boy Scouts of America ($12.2m) and Santa Fe College Foundation Inc ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $559k (4.9% of expenses). Other salaries and wages came to $4.9m. It paid $83k in professional fundraising fees. At year end it held assets of $13.9m against liabilities of $8.6m, net assets of $5.3m. It reported 81 employees.