School of New Hope

Analysis

School of New Hope is a registered charity in United States, based in Yellville, AR. It received its IRS tax-exemption ruling in November 1972, 54 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, School of New Hope reported income of $365k and spending of $360k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $164k to $365k (+122%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, School of New Hope sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within AR. Charities of a similar size with the same main cause include Foundation of the Legacy Guild ($365k), Center for Science Technology and Leadership Development Inc ($365k) and Arizona Families for Home Education ($365k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (19% of expenses). Other salaries and wages came to $75k. At year end it held assets of $164k against liabilities of $178k, net assets of -$14k. It reported 6 employees.