Hope Christian Schools Inc

Analysis

Hope Christian Schools Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 1976, 50 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 May 2023, Hope Christian Schools Inc reported income of $14.5m and spending of $12.2m, spending 84% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $11.5m to $14.5m (+26%), an average of +6.0% a year. The sharpest change came in the year to May 2022, when income rose by 15%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Christian Schools Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Institute for Quality Education Inc ($14.5m), Bromley East Charter School ($14.5m) and Nova Classical Academy ($14.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $386k (3.2% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $35.6m against liabilities of $17.0m, net assets of $18.5m. It reported 239 employees.