Mount Hope Community Center Inc

Analysis

Mount Hope Community Center Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Community Center Inc reported income of $540k and spending of $352k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $700k to $540k (-23%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mount Hope Community Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within RI. Charities of a similar size with the same main cause include Southbrook Properties ($540k), Our Valley Our Future ($540k) and Brooklyn Heights Association Inc ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 4 employees.