New Hope Christian Academy Inc

Analysis

New Hope Christian Academy Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 1995, 31 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, New Hope Christian Academy Inc reported income of $9.0m and spending of $7.6m, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $9.0m (+411%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 189%. Over the whole period it spent 134% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Hope Christian Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include City Garden Montessori School ($9.0m), International School ($9.0m) and Villa Montessori Inc ($9.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $284k (3.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $6.7m against liabilities of $1.6m, net assets of $5.1m. It reported 90 employees.