Overview
What is The Hope Academy?
The Hope Academy is a charter school located in Providence, Rhode Island, specifically at 1000 EDDY ST, that provides public education to residents of Providence and North Providence. Admission to the school follows a lottery system, and tuition is covered by the city or town where the student resides. The Hope Academy promotes an inclusive environment by exposing children to diverse peers at an early age, aiming to foster inclusivity. The school rents space from Meeting Street, a distinguished institution recognized for serving students with disabilities. The Hope Academy's mission is centered on the academic and social success of each individual, preparing students to overcome the challenges they may face in the future.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Hope Academy has received a strong Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization excels particularly in governance, showcasing 100% independent board members and robust financial oversight, which are critical indicators of good management practices.
The financial health of The Hope Academy is notable, with a program expense ratio of 87.48%, reflecting a commitment to directing a significant portion of its resources toward its programs. Additionally, the organization has appropriate policies in place for conflict of interest, whistleblowing, and document retention, ensuring transparency and accountability in its operations.
However, the organization's liabilities to assets ratio at 65.11% suggests potential financial risks that could affect its sustainability in the long term. While The Hope Academy demonstrates strong governance and programmatic focus, ongoing attention to its financial liabilities may be necessary to maintain its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Hope Academy legitimate?
The Hope Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hope Academy 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: $204,371
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,281,443
For more financial information, click here
What is the mission statement of The Hope Academy?
The Hope Academy is dedicated to an educational model that prioritizes the academic and social success of each individual student. This approach prepares students to confront the challenges of the future. The academy's mission is centered around fostering an inclusive environment, encouraging children to interact with those who may be different from themselves at an early age. This initiative aims to cultivate a sense of inclusivity among the students. The Hope Academy primarily provides public education to residents of Providence and North Providence, with admission based on a lottery system. Tuition is billed to the city or town where the student resides. The school rents space from Meeting Street, a recognized leader in serving students with disabilities.
Who is the CEO of The Hope Academy?
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What is the revenue of The Hope Academy?
The Hope Academy's revenue in 2022 was $5,145,628.
Who are the executives of The Hope Academy and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for The Hope Academy?
The Hope Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Hope Academy
The Hope Academy, a renowned educational institution, is dedicated to a unique educational model that prioritizes the academic and social success of each individual. This philosophy aims to prepare students to tackle the challenges of the future. The academy is committed to fostering an inclusive environment, exposing children to diversity at a young age, which in turn fosters inclusivity. By providing public education to residents of Providence and North Providence, The Hope Academy encourages interaction among students with varying backgrounds and abilities, promoting understanding and acceptance from an early age. The school rents its space from Meeting Street, a recognized leader in serving students with disabilities, further emphasizing its commitment to inclusivity and equity in education.
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Impact
July, 2024
The impact of The Hope Academy lies in its commitment to fostering academic and social success in each individual student, preparing them to navigate the challenges of the future. Through its charter school educational services, The Hope Academy provides public education to residents of Providence and North Providence. Admission is granted through a lottery system, with tuition billed to the student's respective city or town.
One notable aspect of The Hope Academy is its emphasis on inclusivity. By exposing children to individuals who are different from themselves at a young age, the school aims to cultivate a sense of inclusiveness and understanding among its students. The school's partnership with Meeting Street, a private institution known for its work with students with disabilities, further strengthens this commitment to diversity and acceptance.
Overall, The Hope Academy's impact is seen in its dedication to providing quality education, promoting inclusivity, and preparing students for the future challenges they may face.
This information is meant to be a general summary of The Hope Academy. 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 2022.
- Investment Income: $2,016
- Program Service Revenue: $1,484,997
- Gross Receipts: $5,145,628
Assets and Liabilities:
- Total Assets: $1,642,138
- Total Liabilities: $169,593
- Net Assets: $1,472,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITIONS
Revenue
$1,466,432
FOOD SALES
OTHER REVENUE
Revenue
$18,565
Organization Details
Founding Year
2014
Phone
(401) 533-9100Main Address
1000 EDDY ST, PROVIDENCE, RI, 02905
NTEE Category
Code: B29 - Education
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