High Hopes

Analysis

High Hopes is a registered charity in United States, based in Elberta, AL. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, High Hopes reported income of $202k and spending of $251k, spending 125% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $157k to $202k (+28%), an average of +6.4% a year. The sharpest change came in the year to April 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, High Hopes sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within AL. Charities of a similar size with the same main cause include Friends of Vail Inc ($202k), Hurst Wood Education Foundation Inc ($202k) and Society of Explosives Engineers Education Foundation ($202k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 40% of the total. Other salaries and wages came to $142k. At year end it held assets of $245k against liabilities of $4,442, net assets of $241k. It reported 5 employees.