Mountain Association for Community Economic Development Inc

Analysis

Mountain Association for Community Economic Development Inc is a registered charity in United States, based in Berea, KY. It received its IRS tax-exemption ruling in March 1977, 49 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 April 2024, Mountain Association for Community Economic Development Inc reported income of $8.1m and spending of $5.5m, leaving 33% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $4.2m to $8.1m (+94%), an average of +18% a year. The sharpest change came in the year to April 2022, when income rose by 96%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mountain Association for Community Economic Development Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Choose Chicago Foundation ($8.1m), Economic Opportunities Council of Indian River County Inc ($8.1m) and Workforce Alliance of South Central Kansas Inc ($8.1m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $446k (8.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $38.0m against liabilities of $8.8m, net assets of $29.2m. It reported 52 employees.