Mountain Neighborhoods Inc

Analysis

Mountain Neighborhoods Inc is a registered charity in United States, based in Petersburg, WV. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Neighborhoods Inc reported income of $296k and spending of $240k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $296k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mountain Neighborhoods Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within WV. Charities of a similar size with the same main cause include Springdale Housing Phase II Inc ($296k), Resident Association of Laurel Lake Retirement Community of Hudson Oh ($296k) and Friendship Plaza I Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. At year end it held assets of $2.2m against liabilities of $2.0m, net assets of $261k.