Mountain Area Health Education Center Inc

Analysis

Mountain Area Health Education Center Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in September 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Area Health Education Center Inc reported income of $115.6m and spending of $114.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $74.0m to $115.6m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mountain Area Health Education Center Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include University of St Thomas ($115.5m), Lawrence University of Wisconsin ($115.8m) and University Enterprises Inc ($115.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.2m (1.0% of expenses). Other salaries and wages came to $68.7m. At year end it held assets of $116.0m against liabilities of $39.2m, net assets of $76.8m. It reported 1,313 employees.