Mountain Aging Partners Inc

Analysis

Mountain Aging Partners Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Mountain Aging Partners Inc reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.2m (+9.2%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mountain Aging Partners Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Senior Housing of Middleton ($1.2m), Iowa Womens Foundation ($1.2m) and Our Sisters House ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 3.2% of the total. Other salaries and wages came to $385k. At year end it held assets of $2.6m against liabilities of $319k, net assets of $2.3m. It reported 49 employees.