Mountain Place Inc

Analysis

Mountain Place Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Mountain Place Inc reported income of $169k and spending of $176k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $165k to $169k (+2.8%), an average of +0.7% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mountain Place Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include RVM Eagle Point Housing Corporation ($169k), Alpha Sigma Lambda Sce Eastern Illinois University ($169k) and Castle Shannon Presbyterian Supportive Housing Inc ($169k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $536k against liabilities of $18k, net assets of $519k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.