Advanced Sacred Hope Academy Inc

Analysis

Advanced Sacred Hope Academy Inc is a registered charity in United States, based in Mary Esther, FL. It received its IRS tax-exemption ruling in May 2023, 3 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 December 2023, Advanced Sacred Hope Academy Inc reported income of $471k and spending of $398k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $324k to $471k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advanced Sacred Hope Academy Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Rouse-Brokenstraw Associates Corporation ($470k), Hope for North Brevard Inc ($471k) and Brody Foundation Inc ($470k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $158k. At year end it held assets of $79k against liabilities of $5,000, net assets of $74k. It reported 4 employees.