Mt Hope Charities Inc

Analysis

Mt Hope Charities Inc is a registered charity in United States, based in Mount Hope, OH. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mt Hope Charities Inc reported income of $4.8m and spending of $4.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $4.8m (+159%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mt Hope Charities Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Howard S and Deborah Jonas Foundation Inc ($4.7m), Global Philanthropy Partnership ($4.8m) and Sojourner Foundation Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.