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
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Identity resolved verified
Hopewell Academy Inc is mapped to EIN 201637115.
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7 stored filing years available.
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Triggered by: program expense ratio, CEO salary, revenue, grants
70% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $830K |
| Total Expenses | $604K |
| Program Spending | 70% |
| Net Assets | $335K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Hopewell Academy Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Hopewell Academy Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hopewell Academy Inc in one place.
Form 990 Filing Summary
7 filing years are available, with latest revenue of $830K and expenses of $604K.
Revenue and Expenses
Hopewell Academy Inc reported $830K in revenue and $604K in expenses, a surplus of $226K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $423K (70%) |
Across stored filings, Hopewell Academy Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade A | 7 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Education context |
Trust Check
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Cary, NC nonprofitsEducation in North Carolina
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Turn this Form 990 profile into a donor-ready report
Request a concise report for Hopewell Academy Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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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.
Organization Overview
Hopewell Academy Inc is a small nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $830K |
| Total Expenses | $604K |
| Surplus / Deficit | +$226K |
| Total Assets | $335K |
| Net Assets | $335K |
| Operating Margin | 27.2% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2017, Hopewell Academy Inc reported a surplus of $226K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2011–2017), Hopewell Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +13.4% | +117.9% | +60.5% |
| 2016 | -38.2% | -42.2% | -11.6% |
| 2015 | +98.0% | -32.8% | -29.1% |
| 2014 | -16.9% | +8.3% | -52.7% |
| 2013 | -0.7% | +1.4% | +25.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2005 |
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 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.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $226K, with revenue exceeding expenses.
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?
Hopewell Academy Inc (EIN: 201637115) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 7 years of IRS 990 filings on record. Total revenue: $830K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Hopewell Academy Inc spend its money?
Hopewell Academy Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
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.
What percentage of Hopewell Academy Inc's spending goes to programs?
Hopewell Academy Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Hopewell Academy Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hopewell Academy Inc is above average for NTEE category B252 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hopewell Academy Inc located?
Hopewell Academy Inc is headquartered in Cary, North Carolina and files with the IRS under EIN 201637115. It is classified under NTEE code B252.
How many years of IRS 990 filings does Hopewell Academy Inc have?
Hopewell Academy Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $830K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopewell Academy Inc:
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.