Meher Mount Corporation

Analysis

Meher Mount Corporation is a registered charity in United States, based in Ojai, CA. It received its IRS tax-exemption ruling in April 1990, 36 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 June 2023, Meher Mount Corporation reported income of $276k and spending of $150k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $213k to $276k (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meher Mount Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Campus Christian Fellowship ($276k), Volunteers of America Inc ($276k) and Bessemer Manor Inc ($276k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. It paid $15k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $5,775, net assets of $1.1m.