Mount Hope Community Development Corporation

Analysis

Mount Hope Community Development Corporation is a registered charity in United States, based in West Harrison, NY. It received its IRS tax-exemption ruling in October 2024, 2 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 2023, Mount Hope Community Development Corporation reported income of $76k and spending of $70k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $76k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Hope Community Development Corporation sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Titus House Inc ($76k), Maxcen Housing Society Inc California Branch ($77k) and New Morning Apartments Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.1m against liabilities of $4.2m, net assets of -$1.1m.