Hope Academy of Granbury

Analysis

Hope Academy of Granbury is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in January 2024, 2 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, Hope Academy of Granbury reported income of $144k and spending of $125k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $144k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Academy of Granbury sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Christopher Homes of Strong Inc ($144k), In His Rein Ministries ($144k) and George Bode Jr Benevolent Trust American Natl Bank Ttee ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.