Hope International University

Analysis

Hope International University is a registered charity in United States, based in Fullerton, CA. It received its IRS tax-exemption ruling in February 1948, 78 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 International University reported income of $31.9m and spending of $32.3m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $32.0m to $31.9m (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to May 2022, when income rose by 16%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope International University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Halo Network Inc ($31.9m), Lighthouse Academies of Northwest Indiana Inc ($31.9m) and McLean School of Maryland Inc ($31.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $496k (1.5% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $36.3m against liabilities of $23.8m, net assets of $12.5m. It reported 574 employees.