Mountain Projects Inc

Analysis

Mountain Projects Inc is a registered charity in United States, based in Waynesville, NC. It received its IRS tax-exemption ruling in May 1966, 60 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 June 2024, Mountain Projects Inc reported income of $19.0m and spending of $18.3m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $12.7m to $19.0m (+49%), an average of +8.4% a year. The sharpest change came in the year to June 2024, when income rose by 27%. 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 Projects Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include St Vincent Salem Hospital Inc ($19.0m), LA Familia Medical Center ($19.0m) and Neighborhood Funders Group ($19.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 8.2% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $13.1m against liabilities of $3.9m, net assets of $9.2m. It reported 183 employees.