Mountain Top Music Center

Analysis

Mountain Top Music Center is a registered charity in United States, based in Conway, NH. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Mountain Top Music Center reported income of $654k and spending of $594k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $337k to $654k (+94%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mountain Top Music Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within NH. Charities of a similar size with the same main cause include American Lighthouse Foundation ($653k), Brink Literacy Project ($654k) and Guitar Foundation of America Inc ($653k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $51k (8.5% of expenses). Other salaries and wages came to $201k. At year end it held assets of $3.5m against liabilities of $402k, net assets of $3.1m. It reported 22 employees.