Hope Academy Gso Inc
Hope Academy Gso Inc shows strong financial growth and zero reported officer compensation over a decade.
EIN: 10930709 · Greensboro, NC · NTEE: B20 · Updated: 2026-03-28
Is Hope Academy Gso Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Academy Gso Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Academy Gso Inc
Hope Academy Gso Inc (EIN: 10930709) is a nonprofit organization based in Greensboro, NC, classified under NTEE code B20. The organization reported total revenue of $2.4M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Academy Gso Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Academy Gso Inc is a mid-size nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 29.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$57K |
| Total Assets | $4.5M |
| Total Liabilities | $65K |
| Net Assets | $4.4M |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 29.1 months |
Financial Health Grade: A
In 2024, Hope Academy Gso Inc reported a surplus of $57K with revenue exceeding expenses, holds 29.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Hope Academy Gso Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.4% | +21.1% | +1.4% |
| 2023 | +6.3% | +26.1% | +12.9% |
| 2022 | +25.1% | +13.7% | +15.7% |
| 2021 | +50.3% | +23.8% | +14.8% |
| 2020 | +16.5% | +2.2% | +10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hope Academy Gso Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hope Academy Gso Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $57K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Hope Academy Gso Inc reports 0% officer compensation across all 14 available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is highly unusual for an organization of its size, with latest revenue of $1,907,485 and assets of $4,484,686, and suggests a strong volunteer-driven leadership or alternative compensation structures not captured as 'officer compensation'.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hope Academy Gso Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data (though overall financial health is strong)
Strengths
The following positive indicators were identified for Hope Academy Gso Inc:
- Consistent revenue growth, from $654,526 in 201506 to $1,907,485 in 202406.
- Strong asset accumulation, reaching $4,484,686 in 202406.
- Extremely low liabilities relative to assets, indicating sound financial management.
- 0% reported officer compensation across all 14 filings, demonstrating high resource dedication to mission.
- Healthy operational surplus, with revenue consistently exceeding expenses (e.g., $1,907,485 revenue vs. $1,850,646 expenses in 202406).
Frequently Asked Questions about Hope Academy Gso Inc
Is Hope Academy Gso Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Academy Gso Inc (EIN: 10930709) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Hope Academy Gso Inc spend its money?
Hope Academy Gso Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Academy Gso Inc tax-deductible?
Hope Academy Gso Inc is registered as a tax-exempt nonprofit (EIN: 10930709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hope Academy Gso Inc a good charity?
Based on the provided financial data, Hope Academy Gso Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue and asset growth, and remarkably, reports 0% officer compensation across all filings, suggesting a high dedication of resources to its mission.
How has Hope Academy Gso Inc's financial health changed over time?
Hope Academy Gso Inc has shown significant financial growth. Revenue increased from $654,526 in 201506 to $1,907,485 in 202406, and assets grew from $543,755 to $4,484,686 in the same period, indicating robust and sustained financial health.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, which is a highly transparent and mission-focused approach, indicating that leadership is not drawing a salary from the organization's funds in the capacity of an officer.
Filing History
IRS 990 filing history for Hope Academy Gso Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Hope Academy Gso Inc's revenue has grown by 2801.1%, moving from $66K to $1.9M. Total assets increased by 17431.3% over the same period, from $26K to $4.5M. Total functional expenses rose by 3673.1%, from $49K to $1.9M. In its most recent filing year (2024), Hope Academy Gso Inc reported a surplus of $57K, with revenue exceeding expenses. The organization holds $65K in liabilities against $4.5M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $1.9M | $4.5M | $65K | — | View 990 |
| 2023 | $2.0M | $1.5M | $4.4M | $60K | — | — |
| 2022 | $1.9M | $1.2M | $3.9M | $21K | — | View 990 |
| 2021 | $1.5M | $1.1M | $3.4M | $154K | — | — |
| 2020 | $998K | $861K | $2.9M | $150K | — | View 990 |
| 2019 | $857K | $842K | $2.7M | $7K | — | View 990 |
| 2018 | $653K | $747K | $2.7M | $5K | — | View 990 |
| 2017 | $2.8M | $761K | $2.7M | $6K | — | View 990 |
| 2016 | $744K | $611K | $673K | $11K | — | View 990 |
| 2015 | $655K | $524K | $544K | $7K | — | View 990 |
| 2014 | $516K | $483K | $366K | $11K | — | View 990 |
| 2013 | $544K | $387K | $337K | $9K | — | View 990 |
| 2012 | $207K | $61K | $172K | $1K | — | View 990 |
| 2011 | $66K | $49K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $1.9M, and assets of $4.5M (revenue -4.4% year-over-year).
- 2023: Revenue of $2.0M, expenses of $1.5M, and assets of $4.4M (revenue +6.3% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.2M, and assets of $3.9M (revenue +25.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.1M, and assets of $3.4M (revenue +50.3% year-over-year).
- 2020: Revenue of $998K, expenses of $861K, and assets of $2.9M (revenue +16.5% year-over-year).
- 2019: Revenue of $857K, expenses of $842K, and assets of $2.7M (revenue +31.2% year-over-year).
- 2018: Revenue of $653K, expenses of $747K, and assets of $2.7M (revenue -77.0% year-over-year).
- 2017: Revenue of $2.8M, expenses of $761K, and assets of $2.7M (revenue +281.8% year-over-year).
- 2016: Revenue of $744K, expenses of $611K, and assets of $673K (revenue +13.7% year-over-year).
- 2015: Revenue of $655K, expenses of $524K, and assets of $544K (revenue +26.9% year-over-year).
- 2014: Revenue of $516K, expenses of $483K, and assets of $366K (revenue -5.1% year-over-year).
- 2013: Revenue of $544K, expenses of $387K, and assets of $337K (revenue +162.4% year-over-year).
- 2012: Revenue of $207K, expenses of $61K, and assets of $172K (revenue +215.1% year-over-year).
- 2011: Revenue of $66K, expenses of $49K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Academy Gso Inc:
Data Sources and Methodology
This transparency report for Hope Academy Gso Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.