Montreat Conference Center Development Foundation Inc

Analysis

Montreat Conference Center Development Foundation Inc is a registered charity in United States, based in Montreat, NC. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 April 2024, Montreat Conference Center Development Foundation Inc reported income of $1.2m and spending of $20k, leaving 98% of income unspent that year. Across the 6 years on record, from April 2019 to April 2024, income grew from $109k to $1.2m (+1001%), an average of +62% a year. The sharpest change came in the year to April 2020, when income dropped by 135%. Over the whole period it spent 1.1% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Montreat Conference Center Development Foundation Inc sits at the 93rd percentile: it is larger than about 93% 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 Universal Living Rosary Association of St Philomena ($1.2m), Destiny Encounters International Inc ($1.2m) and CT Townsend Ministries Inc ($1.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 83% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.