New Hope Academy of Fort Worth

Analysis

New Hope Academy of Fort Worth is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, New Hope Academy of Fort Worth reported income of $140k and spending of $155k, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $11k to $140k (+1177%), an average of +134% a year. The sharpest change came in the year to December 2021, when income rose by 2272%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Hope Academy of Fort Worth sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Books for Classrooms ($140k), Hispanic Dental Association Foundation ($140k) and Alabama Insurance & Risk Management Education Foundation ($140k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $41k against liabilities of $42k, net assets of -$751. It reported 1 employees.