Hope Online Learning Academy Co Op
Hope Online Learning Academy Co Op frequently operates at a deficit, accumulating significant liabilities despite consistent revenue streams.
EIN: 201858456 · Englewood, CO · NTEE: B29 · Updated: 2026-03-28
Is Hope Online Learning Academy Co Op Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Online Learning Academy Co Op directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Online Learning Academy Co Op
Hope Online Learning Academy Co Op (EIN: 201858456) is a nonprofit organization based in Englewood, CO, classified under NTEE code B29. The organization reported total revenue of $17.4M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Online Learning Academy Co Op's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Online Learning Academy Co Op is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.2M |
| Total Expenses | $19.8M |
| Surplus / Deficit | $-645,212 |
| Total Assets | $4.6M |
| Total Liabilities | $12.6M |
| Net Assets | $-8,022,923 |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 275.3% |
| Months of Reserves | 2.8 months |
Financial Health Grade: D
In 2023, Hope Online Learning Academy Co Op reported a deficit of $645K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 275.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope Online Learning Academy Co Op's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.2% | -3.1% | -25.2% |
| 2022 | +66.4% | +67.1% | +151.0% |
| 2021 | -35.1% | -22.9% | -24.3% |
| 2020 | +2.6% | -11.3% | +96.6% |
| 2019 | +0.5% | -32.7% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Online Learning Academy Co Op with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hope Online Learning Academy Co Op allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $645K, with expenses exceeding revenue.
- Debt-to-asset ratio: 275.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and revenue, and suggests potential alternative compensation structures or a fully volunteer leadership.
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 Online Learning Academy Co Op's IRS 990 filings:
- Frequent operational deficits, with expenses exceeding revenues in 7 of the last 10 periods.
- High and persistent liabilities, significantly outweighing assets (e.g., $12,598,576 liabilities vs. $4,575,653 assets in 202306).
- Unusually low asset base relative to annual revenue and liabilities, indicating limited financial reserves.
- Consistent reporting of 0% officer compensation for an organization of this scale, which warrants further investigation into leadership compensation structures.
Strengths
The following positive indicators were identified for Hope Online Learning Academy Co Op:
- Consistent revenue generation, typically between $17M and $21M annually.
- Strong transparency with 13 consistent IRS 990 filings.
- Implied low direct executive compensation, if the 0% officer compensation is truly representative of all leadership pay.
Frequently Asked Questions about Hope Online Learning Academy Co Op
Is Hope Online Learning Academy Co Op a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Online Learning Academy Co Op (EIN: 201858456) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Hope Online Learning Academy Co Op spend its money?
Hope Online Learning Academy Co Op directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Online Learning Academy Co Op tax-deductible?
Hope Online Learning Academy Co Op is registered as a tax-exempt nonprofit (EIN: 201858456). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hope Online Learning Academy Co Op manage its recurring deficits?
The organization has frequently reported expenses exceeding revenues, with 7 out of the last 10 periods showing a deficit. For example, in 202306, expenses were $19,821,765 against revenues of $19,176,553. This pattern suggests a reliance on existing assets or other funding mechanisms to cover operational costs.
What is the nature of the organization's high liabilities?
Liabilities have consistently been high, reaching $12,598,576 in 202306 and peaking at $37,147,330 in 201806. Without further detail from the 990s, it's unclear if these are program-related payables, debt, or other obligations, but they significantly outweigh the organization's assets.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues often exceeding $17 million. This could imply a fully volunteer leadership, or that compensation for key personnel is structured in a way that is not reported under 'officer compensation' on the 990, such as through a related party or contractor arrangement.
Filing History
IRS 990 filing history for Hope Online Learning Academy Co Op showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope Online Learning Academy Co Op's revenue has declined by 0.8%, moving from $19.3M to $19.2M. Total assets increased by 68.8% over the same period, from $2.7M to $4.6M. Total functional expenses rose by 6.5%, from $18.6M to $19.8M. In its most recent filing year (2023), Hope Online Learning Academy Co Op reported a deficit of $645K, with expenses exceeding revenue. The organization holds $12.6M in liabilities against $4.6M in assets (debt-to-asset ratio: 275.3%), resulting in net assets of $-8,022,923.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.2M | $19.8M | $4.6M | $12.6M | — | View 990 |
| 2022 | $20.9M | $20.5M | $6.1M | $10.0M | — | View 990 |
| 2021 | $12.6M | $12.2M | $2.4M | $11.7M | — | View 990 |
| 2020 | $19.3M | $15.9M | $3.2M | $13.8M | — | View 990 |
| 2019 | $18.8M | $17.9M | $1.6M | $17.4M | — | View 990 |
| 2018 | $18.7M | $26.6M | $1.9M | $37.1M | — | View 990 |
| 2017 | $19.3M | $23.0M | $2.7M | $28.5M | — | View 990 |
| 2016 | $17.4M | $18.6M | $2.4M | $16.1M | — | View 990 |
| 2015 | $20.9M | $21.5M | $3.2M | $15.3M | — | View 990 |
| 2014 | $20.8M | $21.2M | $3.4M | $2.5M | — | View 990 |
| 2013 | $20.1M | $20.1M | $3.3M | $2.0M | — | View 990 |
| 2012 | $19.3M | $19.0M | $3.1M | $1.9M | — | View 990 |
| 2011 | $19.3M | $18.6M | $2.7M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.2M, expenses of $19.8M, and assets of $4.6M (revenue -8.2% year-over-year).
- 2022: Revenue of $20.9M, expenses of $20.5M, and assets of $6.1M (revenue +66.4% year-over-year).
- 2021: Revenue of $12.6M, expenses of $12.2M, and assets of $2.4M (revenue -35.1% year-over-year).
- 2020: Revenue of $19.3M, expenses of $15.9M, and assets of $3.2M (revenue +2.6% year-over-year).
- 2019: Revenue of $18.8M, expenses of $17.9M, and assets of $1.6M (revenue +0.5% year-over-year).
- 2018: Revenue of $18.7M, expenses of $26.6M, and assets of $1.9M (revenue -2.9% year-over-year).
- 2017: Revenue of $19.3M, expenses of $23.0M, and assets of $2.7M (revenue +10.9% year-over-year).
- 2016: Revenue of $17.4M, expenses of $18.6M, and assets of $2.4M (revenue -16.9% year-over-year).
- 2015: Revenue of $20.9M, expenses of $21.5M, and assets of $3.2M (revenue +0.5% year-over-year).
- 2014: Revenue of $20.8M, expenses of $21.2M, and assets of $3.4M (revenue +3.5% year-over-year).
- 2013: Revenue of $20.1M, expenses of $20.1M, and assets of $3.3M (revenue +4.1% year-over-year).
- 2012: Revenue of $19.3M, expenses of $19.0M, and assets of $3.1M (revenue +0.0% year-over-year).
- 2011: Revenue of $19.3M, expenses of $18.6M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Online Learning Academy Co Op:
Data Sources and Methodology
This transparency report for Hope Online Learning Academy Co Op 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.