Mountain Endowment Fund

Analysis

Mountain Endowment Fund is a registered charity in United States, based in Highlands, NC. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Mountain Endowment Fund reported income of $53k and spending of $25k, leaving 53% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $115k to $53k (-54%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 24% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mountain Endowment Fund sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include PS I Love You Day Inc ($53k), Italian American Club of Hilton Head ($53k) and S June Smith Center Foundation Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $708k against liabilities of $0, net assets of $708k.