Hope Academy Baltimore Inc

Analysis

Hope Academy Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2021, 5 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 July 2024, Hope Academy Baltimore Inc reported income of $1.7m and spending of $1.8m, spending 111% of what it took in. Across the 3 years on record, from July 2021 to July 2024, income grew from $1.4m to $1.7m (+19%), an average of +8.9% a year. The sharpest change came in the year to July 2023, when income rose by 59%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Academy Baltimore Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Charlotte Mason Schools International Inc ($1.7m), Tilden Livestock Scholarship Association ($1.7m) and Health Connected ($1.7m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 45% and program service revenue 54% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.0m against liabilities of $317k, net assets of $1.6m. It reported 27 employees.