Mt Hope Cemetery Corp
Mt Hope Cemetery Corp maintains strong asset base with consistent growth and no reported officer compensation.
EIN: 10124810 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.0M |
| Program Spending | 90% |
| Net Assets | $14.3M |
| Transparency Score | 85/100 |
Is Mt Hope Cemetery Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mt Hope Cemetery Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mt Hope Cemetery Corp
Mt Hope Cemetery Corp (EIN: 10124810) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $3.0M and total assets of $15.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mt Hope Cemetery Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mt Hope Cemetery Corp is a mid-size nonprofit that has been operating for 92 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $926K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-121,870 |
| Total Assets | $14.3M |
| Total Liabilities | $59K |
| Net Assets | $14.3M |
| Operating Margin | -13.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 164.1 months |
Financial Health Grade: B
In 2023, Mt Hope Cemetery Corp reported a deficit of $122K with expenses exceeding revenue, holds 164.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mt Hope Cemetery Corp's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.1% | -1.8% | +8.0% |
| 2022 | +3.0% | +17.1% | -9.5% |
| 2021 | +17.1% | +0.0% | +12.5% |
| 2020 | +15.5% | +5.2% | +1.4% |
| 2019 | -38.9% | -1.8% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1934 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mt Hope Cemetery Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mt Hope Cemetery Corp allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $122K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, indicating that executive leadership is either unpaid or compensated through other means not disclosed as officer compensation, which is a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mt Hope Cemetery Corp's IRS 990 filings:
- NTEE Code is unknown, limiting understanding of specific programmatic focus.
Strengths
The following positive indicators were identified for Mt Hope Cemetery Corp:
- Consistent growth in assets, from $10.3M in 2014 to $14.3M in 2023.
- No reported officer compensation across all filings, indicating efficient use of funds.
- Very low liabilities relative to assets, demonstrating strong financial health.
- Generally operates with a financial surplus, indicating sustainable operations (with minor exceptions).
Frequently Asked Questions about Mt Hope Cemetery Corp
Is Mt Hope Cemetery Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Mt Hope Cemetery Corp (EIN: 10124810) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Mt Hope Cemetery Corp spend its money?
Mt Hope Cemetery Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mt Hope Cemetery Corp tax-deductible?
Mt Hope Cemetery Corp is registered as a tax-exempt nonprofit (EIN: 10124810). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mt Hope Cemetery Corp located?
Mt Hope Cemetery Corp is headquartered in Bangor, Maine and files with the IRS under EIN 10124810.
How many years of IRS 990 filings does Mt Hope Cemetery Corp have?
Mt Hope Cemetery Corp 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 $3.0M in total revenue.
Is Mt Hope Cemetery Corp a good charity?
Based on the available financial data, Mt Hope Cemetery Corp appears to be a well-managed organization with a strong financial foundation, growing assets, and no reported officer compensation. Its consistent financial health and lack of executive compensation suggest a high commitment to its mission.
How has Mt Hope Cemetery Corp's asset base changed over time?
Mt Hope Cemetery Corp's assets have shown consistent growth, increasing from $10,382,360 in 2014 to $14,330,533 in 2023, demonstrating long-term financial stability and accumulation of resources.
What is the trend in Mt Hope Cemetery Corp's revenue and expenses?
Revenue and expenses have fluctuated year-to-year, but generally, the organization has maintained a surplus, with notable exceptions in 2016 and 2023 where expenses slightly exceeded revenue. For example, in 2023, revenue was $926,135 against expenses of $1,048,005.
Does Mt Hope Cemetery Corp have high liabilities?
No, Mt Hope Cemetery Corp consistently maintains very low liabilities relative to its assets. For instance, in 2023, liabilities were $59,282 compared to assets of $14,330,533, indicating a very healthy balance sheet.
Filing History
IRS 990 filing history for Mt Hope Cemetery Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mt Hope Cemetery Corp's revenue has declined by 7.4%, moving from $1000K to $926K. Total assets increased by 56.6% over the same period, from $9.1M to $14.3M. Total functional expenses rose by 12.3%, from $933K to $1.0M. In its most recent filing year (2023), Mt Hope Cemetery Corp reported a deficit of $122K, with expenses exceeding revenue. The organization holds $59K in liabilities against $14.3M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $14.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $926K | $1.0M | $14.3M | $59K | — | View 990 |
| 2022 | $1.4M | $1.1M | $13.3M | $78K | — | View 990 |
| 2021 | $1.3M | $911K | $14.7M | $95K | — | — |
| 2020 | $1.1M | $910K | $13.0M | $74K | — | — |
| 2019 | $979K | $866K | $12.8M | $64K | — | View 990 |
| 2018 | $1.6M | $881K | $11.2M | $66K | — | View 990 |
| 2017 | $976K | $850K | $11.6M | $61K | — | View 990 |
| 2016 | $818K | $837K | $10.9M | $50K | — | View 990 |
| 2015 | $894K | $874K | $10.3M | $55K | — | View 990 |
| 2014 | $965K | $838K | $10.4M | $59K | — | View 990 |
| 2013 | $893K | $815K | $10.1M | $70K | — | View 990 |
| 2012 | $1.4M | $910K | $9.5M | $71K | — | View 990 |
| 2011 | $1000K | $933K | $9.1M | $71K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $926K, expenses of $1.0M, and assets of $14.3M (revenue -32.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.1M, and assets of $13.3M (revenue +3.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $911K, and assets of $14.7M (revenue +17.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $910K, and assets of $13.0M (revenue +15.5% year-over-year).
- 2019: Revenue of $979K, expenses of $866K, and assets of $12.8M (revenue -38.9% year-over-year).
- 2018: Revenue of $1.6M, expenses of $881K, and assets of $11.2M (revenue +64.0% year-over-year).
- 2017: Revenue of $976K, expenses of $850K, and assets of $11.6M (revenue +19.4% year-over-year).
- 2016: Revenue of $818K, expenses of $837K, and assets of $10.9M (revenue -8.5% year-over-year).
- 2015: Revenue of $894K, expenses of $874K, and assets of $10.3M (revenue -7.4% year-over-year).
- 2014: Revenue of $965K, expenses of $838K, and assets of $10.4M (revenue +8.1% year-over-year).
- 2013: Revenue of $893K, expenses of $815K, and assets of $10.1M (revenue -35.2% year-over-year).
- 2012: Revenue of $1.4M, expenses of $910K, and assets of $9.5M (revenue +37.8% year-over-year).
- 2011: Revenue of $1000K, expenses of $933K, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mt Hope Cemetery Corp:
Data Sources and Methodology
This transparency report for Mt Hope Cemetery Corp 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.