Black Mountain Center Foundation Inc

Analysis

Black Mountain Center Foundation Inc is a registered charity in United States, based in Black Mountain, NC. It received its IRS tax-exemption ruling in August 1995, 31 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, Black Mountain Center Foundation Inc reported income of $77k and spending of $78k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $45k to $77k (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Black Mountain Center Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Dewey Richard Byar Trust ($77k), Harrison Community Mayors Fund ($77k) and Real Estate Donations USA ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $13k (16% of expenses). Other salaries and wages came to $11k. At year end it held assets of $756k against liabilities of $2,772, net assets of $753k. It reported 3 employees.

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.