Hope Rural School Inc

Analysis

Hope Rural School Inc is a registered charity in United States, based in Indiantown, FL. It received its IRS tax-exemption ruling in October 1980, 46 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 Rural School Inc reported income of $3.0m and spending of $2.0m, leaving 34% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $3.0m (+83%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Rural School Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Aristotle Preparatory Academy Challenge Foundation Academy ($3.0m), Newman Theological College St Josephs Seminary ($3.0m) and School on Wheels Inc ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $83k (4.2% of expenses). Other salaries and wages came to $965k. At year end it held assets of $13.6m against liabilities of $0, net assets of $13.6m. It reported 27 employees.