New Hope Academy

Analysis

New Hope Academy is a registered charity in United States, based in Yardley, PA. It received its IRS tax-exemption ruling in November 2001, 25 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 June 2023, New Hope Academy reported income of $5.0m and spending of $4.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $5.0m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2023, when income rose by 22%. 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, New Hope Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include American Embassy School of Lusaka Foundation Inc ($5.0m), Harry S Truman Library Institute for National & International Affai ($5.0m) and Treknorth Junior & Senior High School ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.1m against liabilities of $394k, net assets of $666k.