Hope Academy

Analysis

Hope Academy is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in February 2008, 18 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 June 2024, Hope Academy reported income of $194k and spending of $187k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $128k to $194k (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Academy sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 58th percentile within SC. Charities of a similar size with the same main cause include The Performing Arts Conservatory Inc ($194k), Rising Act Films Inc ($194k) and Parent Association of PS 145 M ($194k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 74% of the total. Other salaries and wages came to $141k. At year end it held assets of $180k against liabilities of $30k, net assets of $151k. It reported 5 employees.