Friends of Cloud Mountain

Analysis

Friends of Cloud Mountain is a registered charity in United States, based in Castle Rock, WA. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Friends of Cloud Mountain reported income of $924k and spending of $761k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $810k to $924k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Cloud Mountain sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Movement Leaders Collective ($924k), Amoris Christi Inc ($924k) and Good Shepherd Alliance Inc ($924k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $90k (12% of expenses). Other salaries and wages came to $192k. At year end it held assets of $2.5m against liabilities of $297k, net assets of $2.2m. It reported 9 employees.