Mountain Bizcapital Inc

Analysis

Mountain Bizcapital Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Mountain Bizcapital Inc reported income of $6.4m and spending of $4.7m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $6.4m (+132%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mountain Bizcapital Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Community Foundation of St Clair County ($6.4m), Helping a Hero Org ($6.4m) and Americas Best Charities ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $142k (3.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $35.2m against liabilities of $19.8m, net assets of $15.4m. It reported 34 employees.