Mountaincare Inc

Analysis

Mountaincare Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mountaincare Inc reported income of $2.5m and spending of $2.4m, spending 98% of its income. Across the 6 years on record, from September 2019 to December 2023, income fell from $32.7m to $2.5m (-92%), an average of -40% a year. The sharpest change came in the year to December 2020, when income rose by 173%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mountaincare Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include The Society for Womens Health Research ($2.5m), American Association for Pediatric Ophthalmology & Strabismus ($2.5m) and Fresh Start Transitional Homes Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $103k (4.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.8m against liabilities of $228k, net assets of $2.6m. It reported 48 employees.