Mountain Island Day
Mountain Island Day experiences significant revenue growth but faces recent deficit spending and volatile asset levels.
EIN: 10916385 · Charlotte, NC · NTEE: B29 · Updated: 2026-03-28
Is Mountain Island Day Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mountain Island Day directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mountain Island Day
Mountain Island Day (EIN: 10916385) is a nonprofit organization based in Charlotte, NC, classified under NTEE code B29. The organization reported total revenue of $10.9M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mountain Island Day's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mountain Island Day is a large nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 25.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.7M |
| Total Expenses | $10.6M |
| Surplus / Deficit | $-1,940,158 |
| Total Assets | $986K |
| Total Liabilities | $239K |
| Net Assets | $746K |
| Operating Margin | -22.4% |
| Debt-to-Asset Ratio | 24.3% |
| Months of Reserves | 1.1 months |
Financial Health Grade: C
In 2023, Mountain Island Day reported a deficit of $1.9M with expenses exceeding revenue, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 24.3% (moderate leverage).
Financial Trends
Over 5 years of filings (2019–2023), Mountain Island Day's revenue has grown at a compound annual growth rate (CAGR) of 25.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.2% | +48.5% | -63.9% |
| 2022 | +38.6% | +31.2% | +26.9% |
| 2021 | +36.6% | +49.4% | +120.4% |
| 2020 | +24.7% | +9.7% | -85.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
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 Mountain Island Day with a Mission Score of 70 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Mountain Island Day allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $1.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with over $8 million in annual revenue and suggests a strong commitment to directing funds towards its mission.
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 Mountain Island Day's IRS 990 filings:
- Expenses exceeded revenue by nearly $2 million in 2023 ($10,602,885 vs. $8,662,727).
- Significant decrease in assets from $2,734,065 in 2022 to $985,678 in 2023.
- Volatile asset and liability levels across filing periods, indicating potential financial instability or significant one-time events.
Strengths
The following positive indicators were identified for Mountain Island Day:
- Strong and consistent revenue growth from $3,520,267 in 2019 to $8,662,727 in 2023.
- Reported 0% officer compensation across all filings, indicating a commitment to minimizing executive overhead.
- Consistent filing history, demonstrating transparency and compliance with IRS requirements.
Frequently Asked Questions about Mountain Island Day
Is Mountain Island Day a legitimate charity?
Based on AI analysis of IRS 990 filings, Mountain Island Day (EIN: 10916385) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Mountain Island Day spend its money?
Mountain Island Day directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mountain Island Day tax-deductible?
Mountain Island Day is registered as a tax-exempt nonprofit (EIN: 10916385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mountain Island Day a good charity?
Mountain Island Day shows strong revenue growth and a commitment to not paying officer compensation, which are positive signs. However, the recent deficit spending in 2023 ($10,602,885 expenses vs. $8,662,727 revenue) and fluctuating asset levels raise concerns about financial stability. A deeper dive into their program effectiveness and detailed expense breakdown would be needed for a definitive answer.
Why did Mountain Island Day's assets drop significantly in 2023?
Mountain Island Day's assets decreased from $2,734,065 in 2022 to $985,678 in 2023. This significant drop coincides with expenses ($10,602,885) exceeding revenue ($8,662,727) in the same period, suggesting the organization may have used reserves or sold assets to cover operational costs.
What caused the large liability in 2019?
In 2019, Mountain Island Day reported liabilities of $6,603,176 against assets of $6,806,922. This high liability figure, relative to assets and revenue, is unusual and could indicate significant debt, a large grant obligation, or a capital project. Further details from the full 990 filing would be needed to understand its nature.
Filing History
IRS 990 filing history for Mountain Island Day showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Mountain Island Day's revenue has grown by 146.1%, moving from $3.5M to $8.7M. Total assets decreased by 85.5% over the same period, from $6.8M to $986K. Total functional expenses rose by 219.7%, from $3.3M to $10.6M. In its most recent filing year (2023), Mountain Island Day reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $239K in liabilities against $986K in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $746K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.7M | $10.6M | $986K | $239K | — | View 990 |
| 2022 | $8.3M | $7.1M | $2.7M | $48K | — | View 990 |
| 2021 | $6.0M | $5.4M | $2.2M | $643K | — | View 990 |
| 2020 | $4.4M | $3.6M | $978K | $24K | — | View 990 |
| 2019 | $3.5M | $3.3M | $6.8M | $6.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.7M, expenses of $10.6M, and assets of $986K (revenue +4.2% year-over-year).
- 2022: Revenue of $8.3M, expenses of $7.1M, and assets of $2.7M (revenue +38.6% year-over-year).
- 2021: Revenue of $6.0M, expenses of $5.4M, and assets of $2.2M (revenue +36.6% year-over-year).
- 2020: Revenue of $4.4M, expenses of $3.6M, and assets of $978K (revenue +24.7% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.3M, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mountain Island Day:
Data Sources and Methodology
This transparency report for Mountain Island Day 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.