Mount Hope Christian Academy Inc

Analysis

Mount Hope Christian Academy Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount Hope Christian Academy Inc reported income of $322k and spending of $325k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $322k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Hope Christian Academy Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Destination Imagination Colorado ($322k), Bridgeland High School Belles Booster Club ($322k) and Foundation of the University at Presque Isle ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Other salaries and wages came to $184k. At year end it held assets of $951 against liabilities of $0, net assets of $951.