Mount Hope Trust in Bristol

Analysis

Mount Hope Trust in Bristol is a registered charity in United States, based in Bristol, RI. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount Hope Trust in Bristol reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $891k to $1.1m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mount Hope Trust in Bristol sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within RI. Charities of a similar size with the same main cause include East San Gabriel Valley Japanese Community Center ($1.1m), Community Cooperative ($1.1m) and Nisei Veterans Memorial Center ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 86% of the total. Other salaries and wages came to $473k. At year end it held assets of $4.7m against liabilities of $282k, net assets of $4.4m. It reported 24 employees.