Prospect Mountain Association Inc

Analysis

Prospect Mountain Association Inc is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Prospect Mountain Association Inc reported income of $554k and spending of $360k, leaving 35% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $554k (-45%), an average of -14% a year. The sharpest change came in the year to September 2022, when income rose by 193%. Over the whole period it spent 45% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Prospect Mountain Association Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within VT. Charities of a similar size with the same main cause include Blackhawk Ski Club ($554k), Unirondack Inc ($554k) and Lanikai Athletic Club ($554k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $53k (15% of expenses). Other salaries and wages came to $51k. At year end it held assets of $2.3m against liabilities of $1,784, net assets of $2.3m. It reported 10 employees.