Mount Hope Trust In Bristol
EIN: 50500691 · Bristol, RI · NTEE: A80
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Net Assets | $4.4M |
Is Mount Hope Trust In Bristol 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 Trust In Bristol
Mount Hope Trust In Bristol (EIN: 50500691) is a nonprofit organization based in Bristol, RI, classified under NTEE code A80. The organization reported total revenue of $1.2M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Hope Trust In Bristol's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Hope Trust In Bristol is a mid-size nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-118,937 |
| Total Assets | $4.7M |
| Total Liabilities | $282K |
| Net Assets | $4.4M |
| Operating Margin | -10.7% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 46.0 months |
Financial Health Grade: B
In 2023, Mount Hope Trust In Bristol reported a deficit of $119K with expenses exceeding revenue, holds 46.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Mount Hope Trust In Bristol's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.9% | +6.7% | -2.3% |
| 2022 | -0.7% | +29.2% | -1.9% |
| 2021 | +62.9% | +30.1% | +4.7% |
| 2020 | -13.3% | -22.1% | +12.2% |
| 2019 | -0.3% | +3.7% | -0.1% |
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 Trust In Bristol 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 Trust In Bristol 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 deficit of $119K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.0%.
Frequently Asked Questions about Mount Hope Trust In Bristol
Is Mount Hope Trust In Bristol a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Hope Trust In Bristol (EIN: 50500691) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mount Hope Trust In Bristol spend its money?
Detailed spending breakdown data is not yet available for Mount Hope Trust In Bristol. Check back for updated IRS 990 analysis.
Are donations to Mount Hope Trust In Bristol tax-deductible?
Mount Hope Trust In Bristol is registered as a tax-exempt nonprofit (EIN: 50500691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mount Hope Trust In Bristol located?
Mount Hope Trust In Bristol is headquartered in Bristol, Rhode Island and files with the IRS under EIN 50500691. It is classified under NTEE code A80.
How many years of IRS 990 filings does Mount Hope Trust In Bristol have?
Mount Hope Trust In Bristol has 14 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Mount Hope Trust In Bristol showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Mount Hope Trust In Bristol's revenue has grown by 432.9%, moving from $209K to $1.1M. Total assets increased by 28.9% over the same period, from $3.7M to $4.7M. Total functional expenses rose by 175.4%, from $447K to $1.2M. In its most recent filing year (2023), Mount Hope Trust In Bristol reported a deficit of $119K, with expenses exceeding revenue. The organization holds $282K in liabilities against $4.7M in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $4.7M | $282K | — | — |
| 2022 | $1.2M | $1.2M | $4.8M | $270K | — | View 990 |
| 2021 | $1.3M | $893K | $4.9M | $428K | — | View 990 |
| 2020 | $772K | $686K | $4.7M | $600K | — | View 990 |
| 2019 | $891K | $882K | $4.2M | $174K | — | View 990 |
| 2018 | $893K | $850K | $4.2M | $187K | — | View 990 |
| 2017 | $846K | $841K | $4.1M | $158K | — | View 990 |
| 2016 | $1.0M | $889K | $4.1M | $178K | — | View 990 |
| 2015 | $1.1M | $844K | $4.4M | $238K | — | View 990 |
| 2014 | $1.0M | $808K | $4.0M | $199K | — | View 990 |
| 2013 | $861K | $608K | $4.0M | $396K | — | View 990 |
| 2012 | $659K | $554K | $3.8M | $470K | — | View 990 |
| 2011 | $442K | $566K | $3.8M | $593K | — | View 990 |
| 2010 | $209K | $447K | $3.7M | $349K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $4.7M (revenue -10.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $4.8M (revenue -0.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $893K, and assets of $4.9M (revenue +62.9% year-over-year).
- 2020: Revenue of $772K, expenses of $686K, and assets of $4.7M (revenue -13.3% year-over-year).
- 2019: Revenue of $891K, expenses of $882K, and assets of $4.2M (revenue -0.3% year-over-year).
- 2018: Revenue of $893K, expenses of $850K, and assets of $4.2M (revenue +5.6% year-over-year).
- 2017: Revenue of $846K, expenses of $841K, and assets of $4.1M (revenue -18.0% year-over-year).
- 2016: Revenue of $1.0M, expenses of $889K, and assets of $4.1M (revenue -7.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $844K, and assets of $4.4M (revenue +9.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $808K, and assets of $4.0M (revenue +17.6% year-over-year).
- 2013: Revenue of $861K, expenses of $608K, and assets of $4.0M (revenue +30.5% year-over-year).
- 2012: Revenue of $659K, expenses of $554K, and assets of $3.8M (revenue +49.3% year-over-year).
- 2011: Revenue of $442K, expenses of $566K, and assets of $3.8M (revenue +111.6% year-over-year).
- 2010: Revenue of $209K, expenses of $447K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Hope Trust In Bristol:
Data Sources and Methodology
This transparency report for Mount Hope Trust In Bristol 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.