Mount Hope Learning Center

Analysis

Mount Hope Learning Center is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 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 June 2023, Mount Hope Learning Center reported income of $427k and spending of $326k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $461k to $427k (-7.3%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income rose by 132%. Over the whole period it spent 91% 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 Learning Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 63rd percentile within RI. Charities of a similar size with the same main cause include The Roxey Ballet Company Inc ($427k), Mosaix Global Network ($427k) and UN Mundo Sin Mordaza Inc ($427k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $56k (17% of expenses). Other salaries and wages came to $99k. At year end it held assets of $533k against liabilities of $99k, net assets of $434k. It reported 19 employees.