Mountain Terrace Inc

Analysis

Mountain Terrace Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in April 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mountain Terrace Inc reported income of $358k and spending of $310k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $343k to $358k (+4.2%), an average of +1.0% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mountain Terrace Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WV. Charities of a similar size with the same main cause include HG Holding Housing Development Fund Company Inc ($358k), Willow Village Housing Corporation ($358k) and Main Street Apartments Inc ($357k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $59k. At year end it held assets of $816k against liabilities of $751k, net assets of $65k. It reported 2 employees.