Hope Academy EIN 56-2646547 Form 990 (PDF) Claim this org

Hope Academy

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Helps students with low cognitive ability learn and prosper in a nurturing educational environment. For fiscal year 2025 it reported $185K in revenue, $172K in expenses, and $163K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Columbia, SC
Website
www.hcatoday.com
Filings
5 on file (2021–2025)
Revenue
$185KFY2025
Expenses
$172K
Net assets
$163K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  56-2646547 Public charity (501(c)(3)) Columbia, SC
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps students with low cognitive ability learn and prosper in a nurturing educational environment.
Leadership
Kay Ware · Vice Chairman
Money in and out
$185K revenue, $172K expenses
Bottom line
66% program efficiency
Where the money goes · FY2025
Total revenue
$185K
Pt VIII · Ln 12
Total expenses
$172K
Pt IX · Ln 25
Net assets
$163K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.34
Program efficiency
66%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate▲ +2% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +93% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$185K
FY2025▼ -4%
Expenses
$172K
FY2025▼ -8%
Total assets
$169K
FY2025▼ -7%
Total liabilities
$5K
FY2025▼ -83%
Total revenue
$185K
Pt VIII · Ln 12
Total expenses
$172K
Pt IX · Ln 25
Net assets
$163K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$169K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $114K of program spending, described in the organization's own filed words · FY2024.
01

Successfully taught 10 special-needs students.

$114Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHope Academy
EINHdr · item D56-2646547
Principal addressHdr · item CColumbia, SC
WebsiteHdr · item Jwww.hcatoday.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFFeb 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$146K · 79%
Contributions & grants$39K · 21%
Program service revenue79%$146K
Contributions & grants21%$39K
Investment income$23
Total revenueLn 12$185K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.34
Program services66%$114K
Management & general34%$58K
Total functional expensesLn 25$172K

Balance Sheet

Part X · end of year
CashLn 1$163K
Total assetsLn 16$169K
Total liabilitiesLn 26$5K
Total net assetsLn 32$163K
Months of cash on handcomputed11.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $163K · Operating expenses/yr $172K
11.4 months
Where the money goes
Program services
Program services $114K · Total expenses $172K
66%
Management & General
Management & general $58K · Total expenses $172K
34%
Fundraising
Fundraising $0 · Total expenses $172K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $30K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $39K · Total revenue $185K
21%
Government reliance
Government grants — · Total revenue $185K
Earned-income share
Program service revenue $146K · Total revenue $185K
79%
Investment reliance
Investment income $23 · Total revenue $185K
+0.01%
Program self-sufficiency
Program service revenue $146K · Total expenses $172K
85%
Growth & trend
Revenue growth (YoY)
This year $185K · Prior year $194K
-4%
Revenue CAGR
FY2020 $163K · FY2024 $185K
+3%
Net-asset trend (YoY)
End of year $163K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $185K · Expenses $172K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $169K
Net-asset ratio
Net assets $163K · Total assets $169K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $169K
0%
People & payroll
Highest Reported Total Compensation
Individual Kay Ware · Reported title Vice Chairman · Highest reported compensation $0 · Total expenses $172K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $139K · Total expenses $172K
81%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 34%
Fundraising cost ratio 0%
Revenue growth -4%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$185K revenue · viewing · ⤓ 990 PDF
FY2024$194K revenue · ⤓ 990 PDF
FY2023$192K revenue · ⤓ 990 PDF
FY2022$192K revenue · ⤓ 990 PDF
FY2021$163K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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