Hope Through Education Inc

Analysis

Hope Through Education Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Through Education Inc reported income of $713k and spending of $711k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $224k to $713k (+218%), an average of +218% a year. The sharpest change came in the year to December 2023, when income rose by 218%. 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, Hope Through Education Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Northern Colorado Christian Academy ($713k), Digital Girl Incorporated ($713k) and Association for Academic Surgery Inc ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. At year end it held assets of $100k against liabilities of $88k, net assets of $13k.