Mount Hope Learning Center
EIN: 50502405 · Providence, RI · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $534K |
| Total Expenses | $326K |
| Net Assets | $434K |
Is Mount Hope Learning Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mount Hope Learning Center
Mount Hope Learning Center (EIN: 50502405) is a nonprofit organization based in Providence, RI, classified under NTEE code A25. The organization reported total revenue of $534K and total assets of $760K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Hope Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Hope Learning Center is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $427K |
| Total Expenses | $326K |
| Surplus / Deficit | +$101K |
| Total Assets | $533K |
| Total Liabilities | $99K |
| Net Assets | $434K |
| Operating Margin | 23.7% |
| Debt-to-Asset Ratio | 18.6% |
| Months of Reserves | 19.6 months |
Financial Health Grade: A
In 2023, Mount Hope Learning Center reported a surplus of $101K with revenue exceeding expenses, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 18.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mount Hope Learning Center's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.6% | -19.2% | -8.0% |
| 2022 | +131.6% | +76.5% | +56.5% |
| 2021 | -15.0% | -24.1% | -3.0% |
| 2020 | -47.4% | -21.9% | -13.1% |
| 2019 | +1.9% | -0.4% | +18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mount Hope Learning Center has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mount Hope Learning Center with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $101K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.6%.
Frequently Asked Questions about Mount Hope Learning Center
Is Mount Hope Learning Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Hope Learning Center (EIN: 50502405) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mount Hope Learning Center spend its money?
Detailed spending breakdown data is not yet available for Mount Hope Learning Center. Check back for updated IRS 990 analysis.
Are donations to Mount Hope Learning Center tax-deductible?
Mount Hope Learning Center is registered as a tax-exempt nonprofit (EIN: 50502405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mount Hope Learning Center located?
Mount Hope Learning Center is headquartered in Providence, Rhode Island and files with the IRS under EIN 50502405. It is classified under NTEE code A25.
How many years of IRS 990 filings does Mount Hope Learning Center have?
Mount Hope Learning Center has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $534K in total revenue.
Filing History
IRS 990 filing history for Mount Hope Learning Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mount Hope Learning Center's revenue has declined by 14.7%, moving from $501K to $427K. Total assets increased by 115.5% over the same period, from $247K to $533K. Total functional expenses fell by 30.6%, from $470K to $326K. In its most recent filing year (2023), Mount Hope Learning Center reported a surplus of $101K, with revenue exceeding expenses. The organization holds $99K in liabilities against $533K in assets (debt-to-asset ratio: 18.6%), resulting in net assets of $434K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $427K | $326K | $533K | $99K | — | — |
| 2022 | $478K | $404K | $579K | $244K | — | View 990 |
| 2021 | $206K | $229K | $370K | $109K | — | — |
| 2020 | $243K | $301K | $382K | $98K | — | View 990 |
| 2019 | $461K | $386K | $439K | $97K | — | View 990 |
| 2018 | $453K | $387K | $372K | $106K | — | View 990 |
| 2017 | $424K | $354K | $290K | $90K | — | View 990 |
| 2016 | $381K | $314K | $238K | $108K | — | View 990 |
| 2015 | $302K | $304K | $191K | $127K | — | View 990 |
| 2014 | $261K | $351K | $197K | $126K | — | View 990 |
| 2013 | $362K | $381K | $271K | $118K | — | View 990 |
| 2012 | $354K | $397K | $305K | $133K | — | View 990 |
| 2011 | $501K | $470K | $247K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $427K, expenses of $326K, and assets of $533K (revenue -10.6% year-over-year).
- 2022: Revenue of $478K, expenses of $404K, and assets of $579K (revenue +131.6% year-over-year).
- 2021: Revenue of $206K, expenses of $229K, and assets of $370K (revenue -15.0% year-over-year).
- 2020: Revenue of $243K, expenses of $301K, and assets of $382K (revenue -47.4% year-over-year).
- 2019: Revenue of $461K, expenses of $386K, and assets of $439K (revenue +1.9% year-over-year).
- 2018: Revenue of $453K, expenses of $387K, and assets of $372K (revenue +6.8% year-over-year).
- 2017: Revenue of $424K, expenses of $354K, and assets of $290K (revenue +11.2% year-over-year).
- 2016: Revenue of $381K, expenses of $314K, and assets of $238K (revenue +26.3% year-over-year).
- 2015: Revenue of $302K, expenses of $304K, and assets of $191K (revenue +15.7% year-over-year).
- 2014: Revenue of $261K, expenses of $351K, and assets of $197K (revenue -27.9% year-over-year).
- 2013: Revenue of $362K, expenses of $381K, and assets of $271K (revenue +2.3% year-over-year).
- 2012: Revenue of $354K, expenses of $397K, and assets of $305K (revenue -29.4% year-over-year).
- 2011: Revenue of $501K, expenses of $470K, and assets of $247K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Hope Learning Center:
Data Sources and Methodology
This transparency report for Mount Hope Learning Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.