Mountain Cap of West Virginia Inc

Analysis

Mountain Cap of West Virginia Inc is a registered charity in United States, based in Buckhannon, WV. It received its IRS tax-exemption ruling in February 1967, 59 years ago. 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 March 2024, Mountain Cap of West Virginia Inc reported income of $4.4m and spending of $4.2m, spending 97% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.5m to $4.4m (+78%), an average of +16% a year. The sharpest change came in the year to March 2021, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mountain Cap of West Virginia Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WV. Charities of a similar size with the same main cause include Federation of Tax Administrators ($4.4m), Aiding Women From Abuse and Rape Emergencies Inc ($4.4m) and Louisiana Housing Assistance Corporation ($4.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $83k (2.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.6m against liabilities of $3.9m, net assets of $721k. It reported 83 employees.