The Hope Academy
Providence, Rhode Island
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
9 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $6,378,003↑24% | $5,741,577↑16% | $5,922,457↑261% | — |
| 2022 | $5,145,628↑12% | $4,959,247↑19% | $1,642,138↑4% | — |
| 2021 | $4,612,432↑30% | $4,171,295↑23% | $1,585,925↑11% | — |
| 2020 | $3,549,017↑19% | $3,382,342↑21% | $1,425,949↑64% | — |
| 2019 | $2,991,310↑34% | $2,789,786↑35% | $872,035↑39% | — |
| 2018 | $2,234,965↑36% | $2,073,927↑43% | $625,183 | — |
| 2017 | $1,645,258↑42% | $1,450,938↑23% | $0 | — |
| 2016 | $1,161,433↑43% | $1,178,114↑47% | $0↓100% | — |
| 2015 | $812,008 | $803,463 | $54,525 | — |
Frequently Asked Questions
What does The Hope Academy do?▼
The Hope Academy is a education nonprofit organization based in Rhode Island. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.
Is The Hope Academy financially healthy?▼
Based on our 9-metric Financial Health Score model, The Hope Academy has a score of 71/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does The Hope Academy generate?▼
The Hope Academy reports $6.7M in annual revenue and holds $3.8M in total assets, based on IRS filings.
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