Overview
What is The Hope Academy Inc?
The Hope Academy Inc, located at 3919 Madison Avenue 100, Indianapolis, IN 46227, is a tuition-free public high school in Indiana, catering to students in grades 9-12. As a unique establishment, The Hope Academy is the only recovery high school in Indiana and one of 43 nationwide, making it a distinctive and supportive academic environment. Committed to sobriety, academic success, and personal growth, the school is a member of the Association of Recovery Schools, striving to assist adolescents battling addiction in earning their high school diploma. The primary objective of The Hope Academy is to offer a safe, sober, and challenging educational experience to students who share a commitment to educational achievement and personal growth. The organization employs a team of 26 individuals in its mission.
Official website here: www.hopeacademyrhs.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning it a Two-Star out of Four Star rating. The Hope Academy Inc demonstrates strong governance practices, with a fully independent board and comprehensive policies in place, such as conflict of interest and whistleblower policies. The organization shows commitment to transparency as evidenced by their listing of the website on their tax form and maintaining proper documentation of board meeting minutes.
However, while the organization's financial oversight is commendable, there are areas of concern, particularly regarding their financial ratios. The liabilities to assets ratio is 67.56%, indicating a significant level of liabilities compared to assets, which could pose potential risks for financial sustainability. Additionally, the program expense ratio of 59.85% suggests that a substantial part of their budget may be allocated towards administrative costs rather than direct program services.
Overall, while The Hope Academy Inc scores well in accountability and governance, the financial health indicators signal caution for potential donors who may wish to ensure that their contributions are primarily directed towards impactful programs rather than administrative expenses.
This AI summary has been generated from information found on Charity Navigator.
Is The Hope Academy Inc legitimate?
The Hope Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hope Academy 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: $108,647
Professional Fundraising Fees: $0
Other Salaries and Wages: $859,469
For more financial information, click here
Official website here: www.hopeacademyrhs.org/
What is the mission statement of The Hope Academy Inc?
The Hope Academy Inc, as a public charter high school, is committed to providing a safe, sober, and challenging educational experience for students who share a commitment to academic achievement and personal growth. This institution, open to all Indiana high school students, operates as a tuition-free option for grades 9-12. As a recovery high school, it stands out as the only one in Indiana and one of 43 nationwide. The Hope Academy provides a welcoming and supportive academic environment that prioritizes sobriety, academic success, and personal growth, making it a member of the Association of Recovery Schools. Its primary objective is to assist adolescents struggling with addiction in earning a high school diploma.
Official website here: www.hopeacademyrhs.org/
Who is the CEO of The Hope Academy Inc?
Colleen Kenney is the Chairman of The Hope Academy Inc.
Official website here: www.hopeacademyrhs.org/
What is the revenue of The Hope Academy Inc?
The Hope Academy Inc's revenue in 2022 was $1,878,239.
Official website here: www.hopeacademyrhs.org/
Who are the executives of The Hope Academy Inc and what are their salaries?
The average compensation at The Hope Academy Inc during 2022 was $37,235. There are 26 employees and 12 volunteers at The Hope Academy Inc.
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- Compensation: $108,646
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- Other: $35,133
Official website here: www.hopeacademyrhs.org/
Where can I find the form 990 for The Hope Academy Inc?
The Hope Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopeacademyrhs.org/
Learn more at the official website: www.hopeacademyrhs.org/
Mission Statement of The Hope Academy Inc
The Hope Academy, a public charter high school, is dedicated to providing a secure, substance-free, and stimulating educational environment for students who share a passion for learning and personal development. As the sole recovery high school in Indiana and one of only 43 nationwide, The Hope Academy embraces a welcoming and supportive academic setting, committed to sobriety, academic success, and personal growth. The primary objective of this institution is to aid adolescents battling addiction in attaining a high school diploma. The Hope Academy is open to all Indiana high school students, reflecting its mission to support and empower students in their educational journey.
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Impact
July, 2024
The Hope Academy Inc's impact lies in providing a safe, sober, and challenging school experience for students in Indiana who are committed to educational achievement and personal growth. As the only recovery high school in Indiana and one of just 43 nationwide, Hope Academy plays a crucial role in helping adolescents struggling with addiction earn a high school diploma. By creating a welcoming and supportive academic environment focused on sobriety, academic success, and personal growth, Hope Academy contributes to the overall well-being and future prospects of its students.
This information is meant to be a general summary of The Hope Academy 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 2022.
- Program Service Revenue: $25,514
- Gross Receipts: $1,878,239
Assets and Liabilities:
- Total Assets: $1,070,949
- Total Liabilities: $194,727
- Net Assets: $876,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$25,514
Organization Details
Founding Year
2019
Phone
(317) 572-9440Principal Officer
Colleen Kenney
Main Address
3919 MADISON AVENUE 100, INDIANAPOLIS, IN, 46227
Website
www.hopeacademyrhs.org/NTEE Category
Code: B29 - Education
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