Mount Hope Incorporated

Analysis

Mount Hope Incorporated is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in April 1975, 51 years ago. 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 Incorporated reported income of $96k and spending of $101k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $96k (+60%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Hope Incorporated sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Consolidated Fire Association of Bordentown New Jersey ($96k), Solano Community College Scholarship Foundation Fund ($96k) and Leukemia Foundation for Arizonas Children ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $28k (27% of expenses). Other salaries and wages came to $6,354. At year end it held assets of $812k against liabilities of $1,119, net assets of $811k. It reported 2 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.