Mountain Park Terrace Inc

Analysis

Mountain Park Terrace Inc is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Mountain Park Terrace Inc reported income of $532k and spending of $542k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $368k to $532k (+44%), an average of +9.6% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mountain Park Terrace Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Community Project Elevation Inc ($532k), Pond Street Housing Development Fund Company Inc ($532k) and D Street Senior Housing Inc ($532k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $1.8m against liabilities of $3.3m, net assets of -$1.5m.

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.