New Hope Christian Academy 
The information on this page was last updated 6/12/2026. If you see errors or omissions, please email: [email protected]
Summary
Serving over 400 students from 3 years old to 6th grade, New Hope is rooted in the heart of the Frayser community of Memphis, and built upon the core pillars of teaching, learning, and discipleship.
Contact information
Mailing address:
New Hope Christian Academy
3000 University St.
Memphis, TN 38127
Website: www.newhopememphis.org
Phone: (901) 358-3183
Organization details
EIN: 621612178
CEO/President: Lionel Cable
Chairman: Issac Byrd
Board size: 13
Founder:
Ruling year: 1995
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
We will ground our students in the knowledge of God as uniquely revealed in Jesus Christ and attested to in Scripture.
Through teaching, hands-on learning, and Christ-centered discipleship, we will strive to equip each child with the necessary tools to pursue a college education and serve as God's image-bearers.
We will place a unique emphasis on the immediate community in which the school is located and develop long-lasting relationships with students, families, partner schools, and churches.
Mission statement
New Hope Christian Academy is an urban, college-preparatory school providing students with a challenging, intellectual, and Christ-centered education.
Statement of faith
https://static1.squarespace.com/static/5ec3e3175102183b8f02352a/t/607b7c13e6dd974e9679f0b2/1753374021078/belief+statement_website+low.pdf
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 78 of 1366 | 5 of 155 |
| Fund acquisition rating | | 14 of 1366 | 7 of 155 |
| Resource allocation rating | | 334 of 1366 | 41 of 155 |
| Asset utilization rating | | 278 of 1367 | 22 of 155 |
According to the organization's Form 990, it received $8,564 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 2% | 2% | 4% | 3% | 10% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 1% | 1% | 3% | 2% | 6% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 62% | 74% | 78% | 85% | 55% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 2% | 2% | 3% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 38% | 26% | 22% | 15% | 45% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 86% | 86% | 81% | 83% | 85% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 103% | 84% | 151% | 84% | 243% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 89% | 73% | 122% | 70% | 206% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | -3% | 16% | -51% | 16% | -143% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | -5% | 29% | -78% | 20% | -75% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 12% | 12% | 17% | 14% | 13% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 1.19 | 1.14 | 1.62 | 0.87 | 0.97 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.21 | 1.91 | 1.73 | 2.33 | 1.47 | 1.57 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.82 | 2.28 | 1.97 | 3.77 | 1.27 | 1.53 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.88 | 25.44 | 20.92 | 13.18 | 30.22 | 20.18 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.34 | 0.04 | 0.05 | 0.08 | 0.03 | 0.05 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.08 | 5.05 | 5.79 | 2.94 | 9.11 | 7.47 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 30% | 23% | 24% | 30% | 21% | 23% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 125% | 65% | 67% | 43% | 92% | 79% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $3,171,931 | $3,756,164 | $2,112,372 | $5,187,443 | $1,582,007 |
| Receivables, inventories, prepaids | $80,438 | $80,434 | $103,065 | $237,051 | $639,659 |
| Short-term investments | $0 | $0 | $0 | $69,722 | $2,336,000 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,252,369 | $3,836,598 | $2,215,437 | $5,494,216 | $4,557,666 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $2,915,818 | $2,749,975 | $2,949,575 | $2,585,629 | $2,600,890 |
| Other long-term assets | $54,003 | $69,056 | $0 | $0 | $0 |
| Total long-term assets | $2,969,821 | $2,819,031 | $2,949,575 | $2,585,629 | $2,600,890 |
| Total assets | $6,222,190 | $6,655,629 | $5,165,012 | $8,079,845 | $7,158,556 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $115,189 | $176,099 | $164,851 | $177,853 | $196,445 |
| Other current liabilities | $12,645 | $7,289 | $3,258 | $3,958 | $29,391 |
| Total current liabilities | $127,834 | $183,388 | $168,109 | $181,811 | $225,836 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1,293,638 | $1,420,825 | $1,386,184 | $1,485,347 | $1,446,336 |
| Total long-term liabilities | $1,293,638 | $1,420,825 | $1,386,184 | $1,485,347 | $1,446,336 |
| Total liabilities | $1,421,472 | $1,604,213 | $1,554,293 | $1,667,158 | $1,672,172 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $4,797,057 | $5,046,794 | $3,572,724 | $6,369,319 | $5,435,998 |
| With donor restrictions | $3,661 | $4,622 | $37,995 | $43,368 | $50,386 |
| Net assets | $4,800,718 | $5,051,416 | $3,610,719 | $6,412,687 | $5,486,384 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $4,450,347 | $6,710,755 | $4,326,467 | $7,045,249 | $1,567,741 |
| Program service revenue | $2,622,941 | $2,198,921 | $1,151,409 | $997,619 | $654,765 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $95,699 | $102,365 | $67,191 | $243,933 | $644,570 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total other revenue | $2,718,640 | $2,301,286 | $1,218,600 | $1,241,552 | $1,299,335 |
| Total revenue | $7,168,987 | $9,012,041 | $5,545,067 | $8,286,801 | $2,867,076 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $6,408,409 | $6,539,078 | $6,778,370 | $5,825,707 | $5,899,168 |
| Management and general | $907,828 | $910,479 | $1,404,748 | $986,400 | $899,616 |
| Fundraising | $103,448 | $121,787 | $163,917 | $186,766 | $160,559 |
| Total expenses | $7,419,685 | $7,571,344 | $8,347,035 | $6,998,873 | $6,959,343 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($250,698) | $1,440,697 | ($2,801,968) | $1,287,928 | ($4,092,267) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($250,698) | $1,440,697 | ($2,801,968) | $1,287,928 | ($4,092,267) |
Compensation
| Name | Title | Compensation |
| Lionel Cable | Head of School | $202,432 |
| Kathy Williams | Chief Financial Officer | $117,291 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/12/2026. To update the information below, please email: [email protected]
History
Program accomplishments
30 YEARS SERVING STUDENTS
$1.4 MILLION IN SCHOLARSHIPS AWARDED ANNUALLY
99% OF NEW HOPE STUDENTS GRADUATE HIGH SCHOOL
98% OF NEW HOPE GRADUATES ARE ACCEPTED INTO COLLEGE
62% OF GRADUATES HAVE RECEIVED/ARE PURSUING POST-SECONDARY EDUCATION