Overview
What is Hope Academy Of Charlotte Inc?
Hope Academy of Charlotte Inc, located at 7655 Bruton Smith Blvd, Concord, NC 28027, is a nonprofit organization committed to offering a Christ-centered, college-preparatory academic program. With a total of 56 employees, the academy aims to empower its students by helping them develop their Christian identity, nurture their individual talents, and actively engage in their learning within a genuine community. During the recent reporting period, 220 students have benefited from this educational environment.
Official website here: www.hopek12.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Hope Academy of Charlotte Inc has received a solid Three-Star rating from Charity Navigator, with an overall score of 85%. This score is derived entirely from its Accountability & Finance metrics, indicating a strong emphasis on responsible financial management and governance. The charity excels in several areas, including having an entirely independent board, comprehensive conflict of interest and whistleblower policies, and a well-documented approach to financial reporting.
The organization demonstrates remarkable financial health with a program expense ratio of 90.99%, showing a significant commitment to utilizing funds for its core programs. Additionally, the organization maintains a low fundraising efficiency ratio of $0.09, which reflects its effective approach to generating funds without incurring high administrative costs. Its liabilities to assets ratio stands at a healthy 29.60%, suggesting it is managing its debts prudently.
Despite its strengths, the rating reflects a singular focus on financial accountability, which may not encompass the full scope of the organization's impact or service delivery. However, the robust governance framework and high program expenditure indicate that Hope Academy is likely making effective use of its resources to benefit its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Academy Of Charlotte Inc legitimate?
Hope Academy Of Charlotte Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Academy Of Charlotte Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $84,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $917,040
For more financial information, click here
Official website here: www.hopek12.com
What is the mission statement of Hope Academy Of Charlotte Inc?
Hope Academy of Charlotte Inc's mission is centered around providing a Christ-focused, college-preparatory academic program. This mission statement encourages students to boldly form their Christian identities, nurture their innate talents, and actively engage in their learning within a genuine community. During the specified reporting period, approximately 220 students experienced the benefits of this educational approach.
Official website here: www.hopek12.com
Who is the CEO of Hope Academy Of Charlotte Inc?
Paul Elliott is the Secretary of Hope Academy Of Charlotte Inc.
Official website here: www.hopek12.com
What is the revenue of Hope Academy Of Charlotte Inc?
Hope Academy Of Charlotte Inc's revenue in 2023 was $3,174,221.
Official website here: www.hopek12.com
Who are the executives of Hope Academy Of Charlotte Inc and what are their salaries?
The average compensation at Hope Academy Of Charlotte Inc during 2023 was $17,884. There are 56 employees and 80 volunteers at Hope Academy Of Charlotte Inc.
Here are 8 key members and their salaries:
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- Related: $84,492
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Official website here: www.hopek12.com
Where can I find the form 990 for Hope Academy Of Charlotte Inc?
Hope Academy Of Charlotte Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hopek12.com
Learn more at the official website: www.hopek12.com
Mission Statement of Hope Academy Of Charlotte Inc
Hope Academy of Charlotte Inc is dedicated to providing a Christ-centered, college preparatory academic program. Their mission is to foster an environment where students courageously shape their Christian identity, nurture their unique talents, and actively engage in learning within a genuine community. During this reporting period, approximately 220 students have benefited from this mission.
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Impact
July, 2024
Hope Academy Of Charlotte Inc's impact is significant in providing a Christ-centered, college preparatory academic program for students. Through this program, students have the opportunity to develop their Christ-like identity, cultivate their unique gifts, and engage as active learners within an authentic community. The academy has benefited 220 students in Concord, NC, during the reporting period. Hope Academy's mission is clear: to offer a quality education that is centered around Christ and prepares students for college. Overall, Hope Academy has a positive impact on students by providing them with a supportive and engaging academic environment.
This information is meant to be a general summary of Hope Academy Of Charlotte Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $6,733
- Program Service Revenue: $1,594,044
- Gross Receipts: $3,174,221
Assets and Liabilities:
- Total Assets: $5,002,329
- Total Liabilities: $1,480,778
- Net Assets: $3,521,551
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Fees
Revenue
$1,594,044
Organization Details
Founding Year
2011
Phone
(704) 999-2436Principal Officer
Paul Elliott
Main Address
7655 Bruton Smith Blvd, Concord, NC, 28027
Website
www.hopek12.comNTEE Category
Code: B24 - Education
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