Mountain Island Day

Analysis

Mountain Island Day is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2019, 7 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 June 2023, Mountain Island Day reported income of $8.7m and spending of $10.6m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.4m to $8.7m (+97%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mountain Island Day sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include American Constitution Society for Law and Policy ($8.7m), Indian Institute of Technology Kanpur Foundation Inc ($8.7m) and Charter Foundation Inc ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $150k (1.4% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $986k against liabilities of $239k, net assets of $746k. It reported 114 employees.