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

Hope Academy FY2023 filing

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Helps students with low cognitive ability learn and prosper in a nurturing educational environment. For fiscal year 2023 it reported $192K in revenue, $176K in expenses, and $144K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Columbia, SC
Website
www.hcatoday.com
Filings
5 on file (2021–2023)
Revenue
$192KFY2023
Expenses
$176K
Net assets
$144K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  56-2646547 Public charity (501(c)(3)) Columbia, SC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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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
Jill Sinclair · Board Member
Money in and out
$192K revenue, $176K expenses
Bottom line
68% program efficiency
Where the money goes · FY2023
Total revenue
$192K
Pt VIII · Ln 12
Total expenses
$176K
Pt IX · Ln 25
Net assets
$144K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $16K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs
Operating runway
10.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$192K
FY2023+0.1%
Expenses
$176K
FY2023▲ +10%
Total assets
$166K
FY2023▲ +17%
Total liabilities
$22K
FY2023▲ +58%
Total revenue
$192K
Pt VIII · Ln 12
Total expenses
$176K
Pt IX · Ln 25
Net assets
$144K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$166K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45

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 1a7
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 (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$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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Mission & Programs · Part III

Where the work happens

1 program service account for $120K of program spending, described in the organization's own filed words · FY2022.
01

Successfully taught 10 special-needs students.

$120Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$180K · 93%
Contributions & grants$9K · 4%
Other revenue$4K · 2%
Program service revenue93%$180K
Contributions & grants4%$9K
Other revenue2%$4K
Investment income$38
Total revenueLn 12$192K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$120K
Management & general32%$56K
Total functional expensesLn 25$176K

Balance Sheet

Part X · end of year
CashLn 1$159K
Total assetsLn 16$166K
Total liabilitiesLn 26$22K
Total net assetsLn 32$144K
Months of cash on handcomputed10.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $159K · Operating expenses/yr $176K
10.8 months
Where the money goes
Program services
Program services $120K · Total expenses $176K
68%
Management & General
Management & general $56K · Total expenses $176K
32%
Fundraising
Fundraising $0 · Total expenses $176K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $620 · Solicited contributions (3-yr avg) $40K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $9K · Total revenue $192K
4%
Government reliance
Government grants — · Total revenue $192K
Earned-income share
Program service revenue $180K · Total revenue $192K
93%
Investment reliance
Investment income $38 · Total revenue $192K
+0.02%
Program self-sufficiency
Program service revenue $180K · Total expenses $176K
102%
Growth & trend
Revenue growth (YoY)
This year $192K · Prior year $192K
+0.1%
Net-asset trend (YoY)
End of year $144K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $192K · Expenses $176K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $166K
Net-asset ratio
Net assets $144K · Total assets $166K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $166K
0%
People & payroll
Highest Reported Total Compensation
Individual Jill Sinclair · Reported title Board Member · Highest reported compensation $0 · Total expenses $176K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $152K · Total expenses $176K
87%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth 0.1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 4%
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 · ⤓ 990 PDF
FY2024$194K revenue · ⤓ 990 PDF
FY2023$192K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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