Hopewell Academy Inc
Hopewell Academy Inc. significantly reduced liabilities to zero while increasing assets and achieving a revenue surplus in its latest filing.
EIN: 201637115 · Cary, NC · NTEE: B252 · Updated: 2026-03-28
Is Hopewell Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hopewell Academy Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hopewell Academy Inc
Hopewell Academy Inc (EIN: 201637115) is a nonprofit organization based in Cary, NC, classified under NTEE code B252. The organization reported total revenue of $830K and total assets of $335K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopewell Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hopewell Academy Inc with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hopewell Academy Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
No officer compensation has been reported across all seven filings, which could indicate a fully volunteer leadership or a lack of transparency in reporting executive remuneration. This absence makes it difficult to assess compensation relative to the organization's size and revenue.
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 Hopewell Academy Inc's IRS 990 filings:
- No officer compensation reported across all filings, raising transparency questions.
- Fluctuating revenue and expenses in earlier periods, indicating past financial instability.
Strengths
The following positive indicators were identified for Hopewell Academy Inc:
- Complete elimination of liabilities ($0 in 201706) from a high of over $1.6 million.
- Positive net income in the latest filing ($830,176 revenue vs. $604,130 expenses).
- Consistent growth in assets in recent periods ($208,493 in 201606 to $334,539 in 201706).
Frequently Asked Questions about Hopewell Academy Inc
Is Hopewell Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hopewell Academy Inc (EIN: 201637115) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Hopewell Academy Inc spend its money?
Hopewell Academy Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hopewell Academy Inc tax-deductible?
Hopewell Academy Inc is registered as a tax-exempt nonprofit (EIN: 201637115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hopewell Academy Inc. financially stable?
Yes, the organization appears to be achieving financial stability, evidenced by its latest filing (201706) showing a revenue surplus of $226,046 ($830,176 revenue - $604,130 expenses) and the complete elimination of liabilities, which were as high as $1,638,838 in 201306.
How has Hopewell Academy Inc.'s debt changed over time?
Hopewell Academy Inc. has dramatically reduced its liabilities from a peak of $1,638,838 in 201306 to $0 in its latest filing (201706), indicating strong debt management and financial recovery.
What is the trend in Hopewell Academy Inc.'s assets?
The organization's assets have shown growth in recent periods, increasing from $208,493 in 201606 to $334,539 in 201706, after some fluctuations in earlier years.
Does Hopewell Academy Inc. pay its executives?
According to the provided IRS 990 data, Hopewell Academy Inc. has reported 0% officer compensation across all seven filings, suggesting either a volunteer leadership or that compensation is not being reported in this category.
Filing History
IRS 990 filing history for Hopewell Academy Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Hopewell Academy Inc's revenue has grown by 31%, moving from $634K to $830K. Total assets decreased by 27.8% over the same period, from $464K to $335K. Total functional expenses fell by 15.5%, from $715K to $604K. In its most recent filing year (2017), Hopewell Academy Inc reported a surplus of $226K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2017 | $830K | $604K | $335K | $0 | — | View 990 |
| 2016 | $732K | $277K | $208K | $100K | — | — |
| 2015 | $1.2M | $480K | $236K | $582K | — | View 990 |
| 2014 | $598K | $714K | $333K | $1.4M | — | View 990 |
| 2013 | $720K | $659K | $704K | $1.6M | — | View 990 |
| 2012 | $725K | $650K | $559K | $1.6M | — | View 990 |
| 2011 | $634K | $715K | $464K | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $830K, expenses of $604K, and assets of $335K (revenue +13.4% year-over-year).
- 2016: Revenue of $732K, expenses of $277K, and assets of $208K (revenue -38.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $480K, and assets of $236K (revenue +98.0% year-over-year).
- 2014: Revenue of $598K, expenses of $714K, and assets of $333K (revenue -16.9% year-over-year).
- 2013: Revenue of $720K, expenses of $659K, and assets of $704K (revenue -0.7% year-over-year).
- 2012: Revenue of $725K, expenses of $650K, and assets of $559K (revenue +14.3% year-over-year).
- 2011: Revenue of $634K, expenses of $715K, and assets of $464K.
Data Sources and Methodology
This transparency report for Hopewell Academy 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.