Scripture Memory Mountain Mission Inc

Analysis

Scripture Memory Mountain Mission Inc is a registered charity in United States, based in Emmalena, KY. It received its IRS tax-exemption ruling in June 1947, 79 years ago. 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 December 2023, Scripture Memory Mountain Mission Inc reported income of $1.7m and spending of $1.9m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scripture Memory Mountain Mission Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Southwest Opportunities Center Inc ($1.7m), Rocky Mountain Regional Volleyball Association ($1.7m) and Columbia Catholic Housing for the Elderly Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $49k (2.6% of expenses). Other salaries and wages came to $654k. At year end it held assets of $3.1m against liabilities of $29k, net assets of $3.0m. It reported 20 employees.