High Hopes Inc

Analysis

High Hopes Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in February 1985, 41 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 August 2023, High Hopes Inc reported income of $5.1m and spending of $5.1m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.7m to $5.1m (+38%), an average of +8.4% a year. The sharpest change came in the year to August 2021, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, High Hopes Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Genesee Area Focus Fund Inc ($5.1m), Providence Southwest Washington Foundation ($5.1m) and National Childrens Museum ($5.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $190k (3.7% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $10.6m against liabilities of $2.5m, net assets of $8.2m. It reported 129 employees.