Shrine Mont Inc

Analysis

Shrine Mont Inc is a registered charity in United States, based in Orkney Springs, VA. It received its IRS tax-exemption ruling in December 1980, 46 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shrine Mont Inc reported income of $3.9m and spending of $3.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.9m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shrine Mont Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Fit Kids of America Corp ($3.9m), Pennsylvania Classics Ac ($3.9m) and USA Cycling Development Foundation ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $110k (3.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $14.3m against liabilities of $113k, net assets of $14.1m. It reported 123 employees.