Black Mountain Home for Children Youth & Families Inc

Analysis

Black Mountain Home for Children Youth & Families Inc is a registered charity in United States, based in Black MTN, NC. It received its IRS tax-exemption ruling in March 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Black Mountain Home for Children Youth & Families Inc reported income of $8.6m and spending of $6.2m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $8.6m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Black Mountain Home for Children Youth & Families Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Womens Foodservice Forum ($8.6m), Family Services of the Merrimack Valley Inc ($8.6m) and Pacific Mountain Workforce Development Council ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $188k (3.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $27.8m against liabilities of $425k, net assets of $27.3m. It reported 82 employees.