Montreat College Foundation Inc

Analysis

Montreat College Foundation Inc is a registered charity in United States, based in Montreat, NC. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Montreat College Foundation Inc reported income of $137k and spending of $4,121, leaving 97% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $136k to $137k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montreat College Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Casco Bay Bluefin Bonanza ($137k), Barbaras Kitchen School of Excellence Inc ($137k) and Highland Athletic Boosters Inc ($137k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $4.2m against liabilities of $2.6m, net assets of $1.6m.