Mountain Opportunities Corporation

Analysis

Mountain Opportunities Corporation is a registered charity in United States, based in Clarksburg, WV. It received its IRS tax-exemption ruling in May 1997, 29 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 Opportunities Corporation reported income of $859k and spending of $460k, leaving 46% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $227k to $859k (+278%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 1746%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mountain Opportunities Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within WV. Charities of a similar size with the same main cause include Peninsula Housing Development Inc XV ($858k), Leisureville Community Association Inc ($859k) and Hub II Housing Development Fund Co Inc ($858k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $65k (14% of expenses). At year end it held assets of $2.4m against liabilities of $13k, net assets of $2.4m. It reported 3 employees.