Montreat College
Only null% goes to programs Strong reserves Growing revenue
Montreat College is a 501(c)(3) organization based in Montreat, North Carolina, registered in 1947, with $50,474,167 in FY2023 revenue. CharityIndex grades it B.
310 Gather Circle, Montreat, NC, 28757 EIN 56-0543261 Since 1947
Revenue (FY2023)
$50.5M
▼ 6.5% vs prior year
Education median: $200K
Expenses (FY2023)
$40.1M
Net assets
$62.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Montreat College— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +21% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Montreat College: 19 mo reserves · +21% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Montreat College— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Montreat College: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 310 Gather Circle, Montreat, NC, 28757
- City
- Montreat
- State
- North Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Website
- …
Financial trends
Revenue grew from $21.4M (FY2013) to $50.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $14.1MNet assets $62.4M
Operating margin
20.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$76.5M
Total liabilities
$14.1M
Net assets
$62.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $50,474,167▼6.5% | $40,105,166▼4.5% | $62,404,938▲13.9% | $76,510,444▲14.9% | 990 |
| 2022 | $54,006,517▼8.7% | $41,975,471▲4.7% | $54,790,226▲28.4% | $66,603,165▲25.3% | 990 |
| 2021 | $59,160,491▲50.4% | $40,102,921▲22.5% | $42,660,870▲79.7% | $53,134,653▲58.5% | 990 |
| 2020 | $39,329,808▲43.4% | $32,731,974▲17.0% | $23,738,758▲41.6% | $33,516,300▲14.7% | 990 |
| 2019 | $27,425,587▲2.1% | $27,982,597▲3.5% | $16,766,167▼2.9% | $29,231,583▼0.5% | 990 |
| 2018 | $26,871,797▲3.3% | $27,047,774▲7.4% | $17,262,073▲2.4% | $29,392,811▲0.5% | 990 |
| 2017 | $26,025,705▲1.6% | $25,177,177▲2.0% | $16,858,942▼1.0% | $29,259,803 | 990 |
| 2016 | $25,614,896▲4.6% | $24,685,779▲3.0% | $17,026,229▲6.0% | $29,262,568▼0.9% | 990 |
| 2015 | $24,489,825▼0.1% | $23,977,746▲4.2% | $16,055,780▲1.0% | $29,520,946▲9.9% | 990 |
| 2014 | $24,520,267▲14.5% | $23,002,253▲7.6% | $15,903,526▲8.2% | $26,854,495▲7.9% | 990 |
| 2013 | $21,411,095 | $21,368,773▼0.5% | $14,702,756▲4.6% | $24,891,706▲13.5% | 990 |
| 2012 | — | $21,485,088▲0.4% | $14,054,967▼15.7% | $21,927,073▼8.1% | 990 |
| 2011 | — | $21,397,497▼0.5% | $16,680,255▲6.0% | $23,858,467▼0.5% | 990 |
| 2010 | — | $21,497,429▼0.7% | $15,731,349▲46.5% | $23,983,251▲20.0% | 990 |
| 2009 | — | $21,638,147 | $10,736,365 | $19,983,244 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $11.0M total
81 grants to Montreat College totaling $11.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Colleges and universities | 2024 | $2,024,500 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $255,000 |
| The Community Foundation of Western North Carolina Inc | Improving educational opportunities | 2024 | $190,685 |
| Norwich University | To manage a coalition of nine institutions of higher learning to develop the ncae-c careers preparation national center (cpnc) | 2024 | $142,734 |
| Winston-salem Foundation | 3 grant(s) for varying purposes | 2024 | $136,250 |
| The New York Community Trust | For general support. | 2024 | $83,300 |
| American Endowment Foundation | Educational | 2024 | $15,500 |
| Giveclear Foundation | Program support | 2024 | $11,000 |
| The Community Foundation For Greater Atlanta Inc | Education | 2024 | $10,356 |
| Samaritans Purse | Missionary assist. | 2023 | $856,017 |
| National Christian Charitable Foundation | Growth | 2023 | $311,941 |
| Winston-salem Foundation | 4 grant(s) for varying purposes | 2023 | $307,500 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $255,000 |
| Norwich University | To manage a coalition of nine institutions of higher learning to develop the ncae-c careers preparation national center (cpnc) | 2023 | $194,788 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $154,370 |
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Frequently asked questions
- Is Montreat College a legitimate nonprofit?
- Yes. Montreat College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0543261, based in Montreat, North Carolina. Donations are tax-deductible.
- What is Montreat College's EIN?
- Montreat College's Employer Identification Number (EIN) is 56-0543261.
- How much revenue does Montreat College report?
- Montreat College reported $50,474,167 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Montreat College have?
- CharityIndex grades Montreat College B, based on financial health (reserves and operating margin).
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Data for Montreat College (EIN 56-0543261) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.