Mountaineer Development Corporation

Analysis

Mountaineer Development Corporation is a registered charity in United States, based in Delbarton, WV. It received its IRS tax-exemption ruling in May 1996, 30 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 March 2023, Mountaineer Development Corporation reported income of $111k and spending of $170k, spending 152% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $84k to $111k (+33%), an average of +7.3% a year. The sharpest change came in the year to March 2022, when income rose by 243%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mountaineer Development Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within WV. Charities of a similar size with the same main cause include Azure Community Development ($111k), Hurford House Inc ($111k) and Tri-Cities Terrace South ($111k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.9m against liabilities of $2.1m, net assets of -$238k.