Higher Mountain Inc
Higher Mountain Inc. consistently reports 0% officer compensation amidst fluctuating revenues and a recent operating deficit.
EIN: 203291559 · Lakewood, CO · NTEE: Q30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $97K |
| Program Spending | 85% |
| Net Assets | $96K |
| Transparency Score | 85/100 |
Is Higher Mountain Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Higher Mountain Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Higher Mountain Inc
Higher Mountain Inc (EIN: 203291559) is a nonprofit organization based in Lakewood, CO, classified under NTEE code Q30. The organization reported total revenue of $120K and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Higher Mountain Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Higher Mountain Inc is a small nonprofit that has been operating for 20 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $97K |
| Surplus / Deficit | $-16,396 |
| Total Assets | $98K |
| Total Liabilities | $2K |
| Net Assets | $96K |
| Operating Margin | -20.5% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2023, Higher Mountain Inc reported a deficit of $16K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Higher Mountain Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.2% | -1.0% | -16.3% |
| 2022 | -0.3% | +40.5% | +3.8% |
| 2021 | +370.5% | +153.2% | +52.8% |
| 2020 | -80.4% | -75.1% | -17.1% |
| 2019 | -5.6% | +40.8% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Higher Mountain Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Higher Mountain Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Higher Mountain Inc. consistently reports 0% officer compensation across all six years of filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Higher Mountain Inc's IRS 990 filings:
- Operating deficit in the most recent fiscal period (2023), with expenses ($96,522) exceeding revenue ($80,126).
Strengths
The following positive indicators were identified for Higher Mountain Inc:
- Consistent reporting of 0% officer compensation across all six years, indicating high efficiency in resource allocation.
- Generally low liabilities, suggesting prudent financial management and minimal debt burden.
- Overall asset growth from $77,660 in 2018 to $98,356 in 2023, indicating some financial resilience.
Frequently Asked Questions about Higher Mountain Inc
Is Higher Mountain Inc a legitimate charity?
Higher Mountain Inc (EIN: 203291559) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 85/100. It has 6 years of IRS 990 filings on record. Total revenue: $120K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Higher Mountain Inc spend its money?
Higher Mountain Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Higher Mountain Inc tax-deductible?
Higher Mountain Inc is registered as a tax-exempt nonprofit (EIN: 203291559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Higher Mountain Inc's spending goes to programs?
Higher Mountain Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Higher Mountain Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Higher Mountain Inc is above average for NTEE category Q30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Higher Mountain Inc located?
Higher Mountain Inc is headquartered in Lakewood, Colorado and files with the IRS under EIN 203291559. It is classified under NTEE code Q30.
How many years of IRS 990 filings does Higher Mountain Inc have?
Higher Mountain Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $120K in total revenue.
Is Higher Mountain Inc. a good charity?
Based on the provided data, Higher Mountain Inc. exhibits strong financial transparency by reporting 0% officer compensation consistently. While there was a deficit in 2023, its overall asset growth and low liabilities suggest generally responsible financial management. The lack of executive compensation is a significant positive indicator for a charity.
How has Higher Mountain Inc.'s revenue trended over the past few years?
Higher Mountain Inc.'s revenue has fluctuated significantly, from a high of $120,191 in 2018 to a low of $22,245 in 2020, and most recently $80,126 in 2023. There isn't a clear upward or downward trend, but rather year-to-year variability.
What is the organization's financial stability?
The organization's financial stability appears moderate. While assets have generally grown from $77,660 in 2018 to $98,356 in 2023, the recent operating deficit in 2023 (expenses $96,522 vs. revenue $80,126) suggests a need for careful monitoring of future financial performance. Liabilities have remained low, which is a positive sign.
Filing History
IRS 990 filing history for Higher Mountain Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Higher Mountain Inc's revenue has declined by 33.3%, moving from $120K to $80K. Total assets increased by 26.6% over the same period, from $78K to $98K. Total functional expenses rose by 23.5%, from $78K to $97K. In its most recent filing year (2023), Higher Mountain Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $2K in liabilities against $98K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $96K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $97K | $98K | $2K | — | — |
| 2022 | $104K | $97K | $117K | $690 | — | View 990 |
| 2021 | $105K | $69K | $113K | $3K | — | — |
| 2020 | $22K | $27K | $74K | $0 | — | — |
| 2019 | $113K | $110K | $89K | $10K | — | View 990 |
| 2018 | $120K | $78K | $78K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $97K, and assets of $98K (revenue -23.2% year-over-year).
- 2022: Revenue of $104K, expenses of $97K, and assets of $117K (revenue -0.3% year-over-year).
- 2021: Revenue of $105K, expenses of $69K, and assets of $113K (revenue +370.5% year-over-year).
- 2020: Revenue of $22K, expenses of $27K, and assets of $74K (revenue -80.4% year-over-year).
- 2019: Revenue of $113K, expenses of $110K, and assets of $89K (revenue -5.6% year-over-year).
- 2018: Revenue of $120K, expenses of $78K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Higher Mountain Inc:
Data Sources and Methodology
This transparency report for Higher Mountain Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.