Mountain Area Residential Facility Inc

Analysis

Mountain Area Residential Facility Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 1975, 51 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 2024, Mountain Area Residential Facility Inc reported income of $1.6m and spending of $1.9m, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.6m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mountain Area Residential Facility Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Washington Kids in Transition ($1.6m), Cypress Community Assistance Ministries ($1.6m) and Belmont Community Resource Services ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $70k (3.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $645k against liabilities of $457k, net assets of $188k. It reported 63 employees.