The South Carolina Inn at Montreat

Analysis

The South Carolina Inn at Montreat is a registered charity in United States, based in Montreat, NC. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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 December 2023, The South Carolina Inn at Montreat reported income of $226k and spending of $159k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $226k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The South Carolina Inn at Montreat sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Parent Booster USA Inc ($226k), Kinderhaus Montessori School Inc ($226k) and Milford Eagles Youth Football and Cheer Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 49% of the total. Other salaries and wages came to $46k. At year end it held assets of $2.7m against liabilities of $3,601, net assets of $2.7m. It reported 4 employees.