Hope Charter School Inc

Analysis

Hope Charter School Inc is a registered charity in United States, based in Ocoee, FL. It received its IRS tax-exemption ruling in September 2001, 25 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 2023, Hope Charter School Inc reported income of $5.0m and spending of $4.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $5.0m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Charter School Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Philadelphia Montessori Charter School ($5.0m), Montessori Center School at Santa Barbara & Students Inc ($5.0m) and Southern Connecticut State University Foundation Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 76% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $6.5m against liabilities of $4.5m, net assets of $1.9m. It reported 100 employees.