Mount Hope Housing Co Inc

Analysis

Mount Hope Housing Co Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2021, Mount Hope Housing Co Inc reported income of $123k and spending of $170k, spending 138% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $383k to $123k (-68%), an average of -43% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Hope Housing Co Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Ocl Properties IX Inc ($122k), Omt Inc ($123k) and Crider Center C H O I C E S Inc ($122k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 15% of the total. Compensation of current officers, directors and key employees was $76k (45% of expenses). At year end it held assets of $16.2m against liabilities of $114k, net assets of $16.1m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.